Oil Prices Tumble As Demand Worries Resurface
Oil Prices Tumble As Demand Worries Resurface WASHINGTON (dpa-AFX) - Oil prices fell about 2 percent on Friday, retreating further from 11-month highs hit last week as a resurgence of coronavirus infections in China stoked fears about depressed demand for the commodity. Benchmark Brent crude for March settlement dropped 1.8 percent to $55.07 a barrel, while U.S. West Texas Intermediate (WTI) crude futures were down as much as 2.1 percent at $52.03. China reported 103 new infections, the country...
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Source: finanznachrichten.de