Oil falls on bond market rout ahead of Opec+ meeting
Brent crude futures for April fell 0.8% and US West Texas Intermediate 0.9%
26 February 2021 - 13:41
London — Oil prices fell on Friday as a collapse in bond prices led to gains in the dollar while crude supply is expected to rise in response, back to prices above pre-pandemic levels.
Brent crude futures for April, which expire on Friday, fell 55c, or 0.8%, to $66.33 a barrel by 10.33am GMT. The more actively traded May contract slipped 61c to $65.50, having earlier dropped as low as $65.04...
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