Oil prices drop sharply as rising coronavirus cases prompt questions about demand recovery insider@insider.com (Carla Mozée) © Shannon Stapleton/Reuters Shannon Stapleton/Reuters
Brent and US oil futures slide with investors concerned about rising COVID-19 cases around the world.
Brent, oil s international benchmark, fell below $62 a barrel as infections increased in Brazil and India and investors watch for European developments.
Vaccinations in the US are increasing but that may not be enough to quell demand worries.
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Brent oil futures, the international benchmark, dropped below $62 a barrel and US oil prices fell below $60 a barrel and gave up the gains they made after OPEC late last week said that from May to July it will add about 2 million barrels of oil each day to the market.
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