The price of crude plummeted by over 4% on Tuesday, with concerns that new coronavirus curbs and slow vaccine rollouts in Europe will hurt a recovery in demand. Benchmark Brent Crude had dropped 4.12% to $61.96 a barrel by 13:00 GMT, while US West Texas Intermediate (WTI) was down 3.95% to $59.13. “Continental Europe is tightening the coronavirus measures and thereby further restricting mobility,” Commerzbank said, adding: “This is likely to have a correspondingly negative impact on oil demand.” Experts also say physical crude markets are indicating that demand is lower, and much more so than the futures market. "Physical prices have b
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