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Oil Down, COVID-19 Concerns Cloud Fuel Demand Outlook

Oil was down Tuesday morning in Asia, as COVID-19 concerns alongside slowing manufacturing activity in the U.S. and China dimmed the fuel demand outlook. Brent oil futures edged down 0.11% to $72.81 by 12:47 AM ET (4:47 AM GMT) and WTI futures inched down 0.10% to...
Oil slumps over Covid, gold steady

Oil slumps over Covid, gold steady

Oil prices dip as outlook worsens Crude prices declined as unvaccinated countries continue the battle against the delta variant.  The crude demand outlook is getting bombarded with bearish headlines.  The short-term drivers are all negative: Brisbane’s lockdown was...