Oil Extends Losses On Renewed Demand Concerns ...Middle East

Economy by : (OILPRICE) -
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. While data from Asia and the United States point to a rebound in fuel demand, some major economies in Europe are headed toward…

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