Oil steadies amid new lockdowns in Europe
Prices edge slightly up on Friday but are down more than 8% for the week
19 March 2021 - 07:43
Tokyo — Oil prices edged up on Friday, but were still down more than 8% for the week as a new wave of Covid-19 infections across Europe spurred fresh lockdowns and dampened hopes that an expected recovery in fuel demand would come soon.
Prices plunged 7% on Thursday, falling for a fifth day in a row amid concerns about slowing vaccination programmes in Europe, even if infections have plummeted in the US, the worst-hit country and biggest crude consumer...
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