Oil falls after two-day rally
Brent loses ground after Norway averted a strike and shutdowns of offshore fields, as workers reached a wage bargain with operator Equinor
17 February 2021 - 08:45
Melbourne — Oil prices fell in early trade on Wednesday as the dollar climbed, retreating after a two-day rally that was driven by an Arctic blast curbing output from oil and gas fields in Texas, the country's biggest oil-producing state.
US West Texas Intermediate (WTI) crude futures gave up 33c, or 0.6% to $59.72 a barrel at 1.40am GMT, retreating from a 13-month high of A$60.95 hit on Tuesday...
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