Oil slips on rising infections in Asia
Oil falls amid the fear that rising inflation might lead the US Federal Reserve to raise interest rates, which could limit economic growth
19 May 2021 - 08:32
Singapore — Oil prices fell for a second day on Wednesday on renewed demand concerns as coronavirus cases in Asia rise and on the fear of rising inflation might lead the US Federal Reserve to raise interest rates, which could limit economic growth.
Brent crude futures fell 73c, or 1.1%, to $67.98 a barrel at 4.52am GMT. It settled 1.1% lower on Tuesday after briefly climbing above $70 earlier in the session...
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.