Oil down again on US inventory build and rampant Covid in India
Both Brent and WTI closed at their lowest since April 13 and are down about 3% for the week
22 April 2021 - 12:01
London — Oil prices extended their losses into a third day on Thursday as a surprise build-up in US crude inventories and a resurgence of Covid-19 cases in India and Japan raised fears that a demand recovery could be stalled.
Brent crude futures fell 37c, or 0.57%, to $64.95 a barrel by 9.04am GMT, having dropped by $1.25 on Wednesday. US West Texas Intermediate (WTI) crude futures were down 35c, or 0.57%, at $61 after losing $1.32 the previous day...
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