Oil prices lift as Covid-19 infections weigh on demand
Restrictions on the demand side because of lockdowns are being countered by a sufficient reduction in supply
29 January 2021 - 13:45
Singapore — Oil prices edged up on Friday but traded in a tight range as demand concerns caused by new coronavirus variants and slow vaccine rollouts offset a cut in Saudi Arabian oil supply and falling US oil inventories.
Brent crude futures for March rose 23 cents, or 0.4%, to $55.76 a barrel by 10.07am GMT...
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