Oil Prices Drop On Third Wave Of Coronavirus Lockdowns ...Middle East

The unfortunate tanker mishap in the Suez Canal that continues to block tanker traffic is being overshadowed by another wave of coronavirus-inspired lockdowns, sending oil prices once again downward. Oil prices slipped roughly 4% on Thursday afternoon, with WTI crude trading down $2.80 per barrel at $58.88—down 4.58% on the day. Brent crude was trading down $2.48 per barrel at $61.93—a slide of 3.85% on the day. Weighing heavily on oil prices are the third wave of coronavirus lockdowns in Europe. Experts suggest that Poland is in the…

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