Oil prices drop for third straight day
Increasing stockpiles in the US are adding to the risks to a demand recovery
16 March 2021 - 13:02
London — Oil prices dropped on Tuesday, extending declines to three consecutive days, as rising stockpiles in the US added to the risks to a demand recovery after countries including Germany and France halted Covid-19 vaccinations.
Brent crude was $1.03, or 1.5%, lower at $67.85 by 10.02am GMT. US crude was down 96c, or 1.4%, at $64.43 a barrel...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.