Oil prices fall as new virus restrictions in Europe worry market
The Suez Canal is still blocked and has suspended traffic, and Opec+ is expected to extend supply cuts into May at its next meeting
25 March 2021 - 13:24
London — Oil prices fell on Thursday as a new round of coronavirus restrictions in Europe revived worries about demand for oil products, as tug boats struggled to move a stranded container ship blocking crude oil carriers in the Suez Canal.
Brent crude slid $1.10, or 1.7%, to $63.31 a barrel at 9.23am GMT. US West Texas Intermediate (WTI) crude dropped by $1.27, or 2.1%, to $59.91 a barrel...
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