Oil falls on slow pace of global vaccinations
Brent crude slides as high infections in countries such as Brazil and India hit demand prospects
04 June 2021 - 08:00
Tokyo — Oil prices dropped on Friday as concerns about the patchy rollout of coronavirus vaccinations around the globe tempered optimism earlier in the week that demand for fuels was recovering from the depths of the pandemic.
Brent crude was down 29c, or 0.4%, at $71.02 a barrel at 0.57am GMT, after falling 4c on Thursday after a gain to the highest since May 2019. The contract is on track for a gain of nearly 2% this week...
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