Oil prices slip as worry about demand offsets summertime optimism
Crude oil remains stuck in a sideways environment with Brent trading between $65 to $70 per barrel
27 May 2021 - 12:58
London — Oil prices fell on Thursday but stayed within the tight range set this week, with optimism about the northern hemisphere summer driving season in the US and Europe offsetting concern about demand in India and a potential increase in Iranian supplies.
Brent fell 57 US cents, or 0.8%, to $68.30 a barrel by 9.34am GMT, and US West Texas Intermediate (WTI) crude fell 55c, or 0.8%, to $65.66 a barrel...
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