Oil set to fall for a third day on concern over Iran deal
Rampant Covid-19 in India also weighed on demand outlook with UBS expecting oil to hit $75 a barrel in the second half of the year
20 May 2021 - 11:56
London — Oil prices were poised for a third day of losses on Thursday after diplomats said progress was made towards a deal to lift sanctions on Iran, which could boost crude supply.
Brent crude was down $1.20, or 1.8%, at $65.46 a barrel by 9.05am GMT. US West Texas Intermediate (WTI) lost $1.08, or 1.7%, to $62.28 a barrel. Both contracts fell about 3% in the previous session...
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