Oil slips amid worry about rising infections
Brent loses ground as increasing number of infections fuel concern that measures to contain the pandemic will hit economic activity
19 April 2021 - 07:26
Tokyo — Oil prices were lower on Monday as rising coronavirus infections in India and other countries prompted the concern that stronger measures to contain the pandemic will hit economic activity, along with demand for commodities such as crude.
Brent crude was down 23c, or 0.3%, at $66.54 a barrel by 4.26am GMT, after rising 6% last week. US oil was down 27c, or 0.2%, at $62.96 a barrel, having gained 6.4% last week...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.