Oil falls as focus turns to Opec+ meeting and poor demand
Opec member Iran is believed to be ignoring sanctions and is importing oil to China, hindering efforts to contain global supply
30 March 2021 - 11:45
London — Oil prices fell on Tuesday as the Suez Canal reopened to traffic, while focus turned to a meeting of oil cartel Opec and allies, including Russia (Opec+), this week that is likely to agree an extension to supply curbs amid disappointing demand prospects.
Brent crude was down 50c, or 0.8%, at $64.48 a barrel by 0851 GMT. West Texas Intermediation (WTI) oil was off by 58c, or 0.9%, at $60.98 barrel...
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