Oil slips on surprise US crude inventory fall
A rampant Covid-19 in India is also weighing on market sentiment and oil demand
06 May 2021 - 12:13
London — Oil prices slipped after earlier gains on Thursday, weighed by rising Covid-19 infections in India and elsewhere, and despite a much sharper than expected fall in US crude inventories.
Brent crude oil futures fell by 28c, or 0.4%, to $68.68 a barrel by 9.39am GMT, and West Texas Intermediate (WTI) US crude futures lost 31c, or 0.5%, to $65.32 a barrel...
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