Oil prices fall as Opec+ lowers 2021 demand growth forecast
Saudi Arabia is prepared to extend supply cuts into June with Brent on track to drop more than 2% drop in March
31 March 2021 - 13:00
London — Oil prices fell on Wednesday on concerns about the market’s recovery after oil cartel Opec and its allies (Opec+) lowered their 2021 demand growth forecast, though strong Chinese factory activities lent some support.
Brent crude for May, which expires on Wednesday, fell 32c, or 0.5%, to $63.82 a barrel at 9.48am GMT. The more active Brent contract for June was down 30c, or 0.5%, at $63.87 a barrel...
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