Oil steadies but fears of slow recovery due to lockdowns stunt recovery
Brent and West Texas Intermediate crude futures inch up after hitting lowest levels since early February
24 March 2021 - 08:16
Tokyo — Oil prices steadied on Wednesday, after the previous day’s slump, but the recovery was stunted by fears of a slow recovery in demand due to new pandemic lockdowns in Europe and a build in US crude stocks.
Brent crude futures rose 8c, or 0.1%, to $60.87 a barrel by 6.54am, after tumbling 5.9% and hitting a low of $60.50 the previous day...
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