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Covid Fears Reinfect Crude Traders, Oil Prices Plunge Over 3% by Ship & Bunker News Team Monday August 2, 2021 Analysts note that Covid is affecting sentiment far more than fundamentals: File Image/Pixabay Crude prices were off to a rocky start for August as ever-fearful traders, who last week took heed of data showing that global demand hasn t been affected by the Covid Delta variant, reversed gears on Monday on news of fresh outbreaks in China and New Yorkdeclined by over 3 percent, the most in two weeks. West Texas Intermediate slipped $71.41 per barrel, while Brent traded down $2.35 ( “ Carsten Menke, analyst, Julius Baer Rebecca Babin, senior energy trader at

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