Oil prices drop below $65 a barrel on resurging COVID-19
Oil traders are arbitrarily going short, on signs of more COVID-19 lockdowns in Europe.
Oil traders are arbitrarily going short, on signs of more COVID-19 lockdowns in Europe.
Oil traders anticipate such delays in COVID-19 usage could adversely affect energy demand.
The British-based oil contract, Brent crude surged by 0.46%, to trade at $62.99 a barrel, up from four days of ...
Brent oil futures lost about 0.2% to trade around $61 a barrel
Brent oil futures gained 0.68% to trade at $56.28 a barrel adding to yesterday's 2.1% gain.
Brent crude futures traded at $55.59 a barrel and West Texas Intermediate futures was around $52.22 a barrel.
Crude Oil prices dropped deeper at the second trading session of the week, following a new strain of COVID-19 virus.
Brent crude dropped about 3.20% to trade at $50.59 and WTI futures sank by 3.09% to $47.72.
Brent crude futures prices were down by 0.3%, trading at $48.10/barrel after initially gaining 1.8%.
Crude oil plunged, largely due to growing concerns amongst oil traders on what the outcome of the OPEC+ meeting will ...