Oil slides on higher dollar, supply gains
Brent crude futures fall as bond sell-off lifts dollar
26 February 2021 - 08:17
Melbourne — Oil prices fell on Friday as a collapse in bond prices led to gains in the US dollar and expectations grew that with oil prices back above pre-pandemic levels, more supply is likely to come back to the market.
US West Texas Intermediate (WTI) crude futures dropped 36c, or 0.6%, to $63.17 a barrel at 2.41 GMT, giving up all of Thursday’s gains...
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