Sunday, September 19, 2021

Oil prices fall paring earlier gains

Oil prices today fell paring earlier gains amid worries over slowing demand amid a spike in the Delta variant of coronavirus infections.

Slowing demand concern outweighed on expectations that major producers will not boost supply any time soon.

In intra-day trade, Brent crude was trading around 69 dollars and 20 cents per barrel. WTI crude prices were at 66 dollars and 80 cents per barrel.

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