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Oil slips on tightening COVID-19 curbs, especially in China


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NEW YORK (Reuters) - Oil eased on Thursday as the market focused more on concerns that delays to vaccine rollouts and fresh travel curbs could depress demand than the impact of a weaker dollar and a big U.S. crude inventory drawdown.
FILE PHOTO: Maltese-flagged crude oil tanker Captain Paris sails in the Bosphorus as it is pictured from the July 15 Martyrs Bridge, known as the Bosphorus Bridge in Istanbul, Turkey, November 8, 2020. REUTERS/Murad Sezer
Brent futures for March delivery fell 28 cents, or 0.5%, to settle at $55.53 a barrel, while U.S. West Texas Intermediate (WTI) crude ended 51 cents, or 1.0%, lower at $52.34. ....

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Oil falls on demand fears, strengthening dollar


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NEW YORK (Reuters) -Oil prices edged up slightly on Friday but traded in a tight range, and briefly dipped on demand worries due to coronavirus variants and slow vaccine rollouts, which offset a bullish sentiment due to a cut in Saudi Arabian oil supply and falling U.S. oil inventories.
FILE PHOTO: Crude oil storage tanks are seen in an aerial photograph at the Cushing oil hub in Cushing, Oklahoma, U.S. April 21, 2020. REUTERS/Drone Base
“The vaccine numbers are just not there,” said Bob Yawger, director of energy futures at Mizuho in New York. Additionally, he said a U.S. economic stimulus package may not come quickly enough to support the market. ....

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