Melbourne — Oil prices fell 1% on Tuesday on concerns that new pandemic curbs and slow vaccine rollouts in Europe will slow a recovery in fuel demand and as producers cut prices, indicating ample oil supply.
US West Texas Intermediate (WTI) crude futures for May delivery fell 62cs, or 1%, to $60.94 a barrel at 1.49am GMT. The April contract expired on Monday at $61.55, up 13c from Friday, after plunging more than 6% last week...
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