Oil slips as rampant pandemic in India hits fuel sales
Overall demand is down about 7% from the pre-Covid-19 level of April 2019, marketing head says
03 May 2021 - 07:39
Singapore — Oil prices fell on Monday as a catastrophic second wave of a coronavirus epidemic in India cut short a recovery in oil demand there, offsetting optimism about a strong rebound in demand in developed countries and China in the second half of the year.
Brent crude futures for July fell 15c, or 0.2%, to $66.61 a barrel by 4.44am while US West Texas Intermediate for June was at $63.48 a barrel, down 10c, or 0.2%...
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