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3 Min Read NEW YORK (Reuters) - Oil prices fell on Thursday despite a sharp drop in U.S. crude inventories, as market participants took profits following days of buying spurred by a cold snap in the largest U.S. energy-producing state. FILE PHOTO: The sun is seen behind a crude oil pump jack in the Permian Basin in Loving County, Texas, U.S., November 22, 2019. REUTERS/Angus Mordant/File Photo Brent crude fell 41 cents, or 0.6%, to settle at $63.93 a barrel. During the session it rose as high as $65.52, its highest since January 2020. U.S. West Texas Intermediate (WTI) crude futures fell 62 c...

Brent crude climbed 89 cents, or 1.4%, to $65.23 a barrel by 05:24 GMT while US West Texas Intermediate (WTI) crude futures gained 66 cents, or 1.1%, to $61.80 a barrel.

Oil drops as new coronavirus strain spreads 21 Dec 2020 Gulf Today Report Oil prices declined by 3%  on Monday as new coronavirus strain spreads, leading to tighter restrictions in the United Kingdom and increasing worries over low fuel demand. Brent crude slid $1.54, or 3.0%, to $50.72 a barrel by 05:10 GMT after rising 1.5% reaching its highest since March. US West Texas Intermediate (WTI) crude was down $1.42, or 2.9%, to $47.68 a barrel after also climbing 1.5% on Friday to its highest level since February.  READ MORE   Restrictions imposed in Europe to fight new coronavir...

Oil prices drop 3% as new COVID-19 strain causes demand worries Brent crude slid $1.54, or 3.0%, to $50.72 a barrel by 0510 GMT after rising 1.5% and touching its highest since March last Friday Reuters | December 21, 2020 | Updated 15:54 IST U.S. West Texas Intermediate (WTI) crude was down $1.42, or 2.9% Oil prices dropped about 3% on Monday as a fast-spreading new coronavirus strain that has shut down much of the United Kingdom fuelled worries over a slower recovery in fuel demand amid tighter restrictions in Europe. Brent crude slid $1.54, or 3.0%, to $50.72 a barrel by 0510 GMT after r...