Oil prices fell for a second consecutive day early on Friday, hit by weakening demand estimates and China closing a key terminal at the third-busiest port in the world. As of 8:49 a.m. EDT, the U.S. benchmark WTI Crude was down 0.41% at $68.79 and Brent Crude traded down 0.32% at $71.08. Oil extended the losses from Thursday when prices were hit by a warning from the International Energy Agency (IEA), which said that new mobility restrictions in Asia to fight the Delta variant are set to slow global oil demand growth in the second half of…
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