Oil drops from six-week high
Covid-19 infections in India and Brazil offset a bullish global outlook
30 April 2021 - 08:36
Singapore — Oil prices slipped on Friday, taking a breather after touching their highest in six weeks as concerns of wider lockdowns in India and Brazil to curb the Covid-19 pandemic offset a bullish outlook on summer fuel demand and economic recovery.
Brent crude fell 29c, or 0.4%, to $68.27 a barrel by 4.20am GMT, the last day’s trading for the front-month June contract. US West Texas Intermediate crude for June was at $64.66 a barrel, down 35c, or 0.5%...
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