Crude extends losses but mood remains bullish
Demand forecast to recover due to tight supply from Opec, bolstered by growing success of Covid vaccinations
08 June 2021 - 12:42
London — Oil prices extended losses on Tuesday on profit-taking and a stronger US dollar, but overall optimism about a recovery in demand kept a floor under prices.
Brent crude was down 35c, or 0.5%, at $71.14/bbl by 9.21am GMT, after declining 0.6% on Monday. US oil was 32c, or 0.5%, weaker at $68.91/bbl after dropping 0.6% in the previous session...
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