Oil Dips As COVID Wave Sweeps India, Japan ...Middle East

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Oil prices slipped by 2 percent early on Wednesday, dragged down by surging coronavirus cases across major energy importers India and Japan. As of 09:55 a.m. EDT on Wednesday, WTI Crude was down 1.85 percent at $61.51 and Brent Crude was trading down 1.49 percent at $65.56, before the weekly EIA report on oil inventories. On Tuesday, oil prices slumped after the American Petroleum Institute (API) estimated a build in crude oil inventories of 436,000 barrels for the week ending April 16. Analysts had predicted a draw of 2.860 million barrels for…

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Last updated : 21 April 2021 clock 08:01 PM

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Oil Dips As COVID Wave Sweeps India, Japan ...Middle East

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