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Oil Extends Losses On Renewed Demand Concerns

Author: External Author | | Categories: Oilfield Service Company , Oilfield Services

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Oil prices fell for the third day in a row on Tuesday as the third wave of coronavirus infections in Europe and slowing vaccine rollouts in the EU added to a stronger U.S. dollar to weigh on the market.

As of 10:23 a.m. EDT on Tuesday, WTI Crude prices had dropped below the $65 a barrel mark and were trading at $63.87, down by 2.29 percent on the day. The prompt Brent Crude price was also down, by 1.93 percent at $67.61.

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Original Article Source Credits:   Oil Price ,https://oilprice.com/

Article Written By:   Tsvetana Paraskova

Original Article Posted on:   Mar 16, 2021

Link to Original Article:  https://oilprice.com/Energy/Oil-Prices/Oil-Extends-Losses-On-Renewed-Demand-Concerns.html



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