Delta Fears Continue To Hamper Oil Prices, But Drawdowns Rem

Delta Fears Continue To Hamper Oil Prices, But Drawdowns Remain Steady


Delta Fears Continue To Hamper Oil Prices, But Drawdowns Remain Steady
by Ship & Bunker News Team
Tuesday August 3, 2021
Meanwhile, BP defies expectations with massive Q2 earnings: File Image/Pixabay
After a dismal start to the month in the previous session, oil on Tuesday clawed back some earlier losses but was still hampered by concerns that the Covid delta variant will disrupt global crude consumption.
Brent rose
6 cents to
$71.52 per barrel.
ANZ was mainly responsible for trading patterns on Tuesday, when its analysts noted that with regards to
China “Cases of the highly contagious Delta variant have emerged in 14 of 32 provinces; this could see further mobility restrictions introduced.”

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