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Concern Over Covid Variants In Asia Cause 1% Drop In Oil Prices by Ship & Bunker News Team Monday July 12, 2021 After causing two key crude benchmarks to fall about 1 percent last week due to the Organization of the Petroleum Exporting Countries (OPEC) failed output talks, traders on Monday refocused their concerns on the spreading Covid variants in Asia, which have prompted renewed lockdowns in Tokyo - and as a result caused another 1 percent decline in prices. Brent fell $73.78 per barrel, down John Kilduff, founding partner at Again Capital, said, “It has raised hackles in the market about demand recovery again: Asia is obviously essential, it’s a swing demand center, and this is a huge setback.” ....
U.S. oil mergers surge as energy, share prices recover from pandemic | Hellenic Shipping News Worldwide hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.
U.S. oil mergers surge as energy, share prices recover from pandemic reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.