Oil prices fall due to new European Covid-19 lockdowns
Lockdowns, coupled with slow vaccine rollouts in parts of the world, are constraining demand recovery as mobility is being hampered
23 March 2021 - 12:30
London — Oil prices fell more than 3% on Tuesday, hit by concerns that new pandemic curbs and slow vaccine rollouts in Europe will hold back a recovery in demand, while a stronger dollar also weighed on prices.
Brent crude futures dropped by $2.20, or 3.4%, to $62.42 a barrel by 9.48am GMT. US West Texas Intermediate (WTI) crude futures fell by $2.10, or %3.4, to $59.46 a barrel...
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