Crude oil futures rangebound in Asia on dampened market sentiment due to threat of coronavirus spread from India

Crude oil futures rangebound in Asia on dampened market sentiment due to threat of coronavirus spread from India
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11.05.2021

MOSCOW (MRC) -- Crude oil futures were rangebound during mid-morning trade in Asia May 7 as the threat of mutant coronavirus strains from India dampened market sentiment, but a weaker US dollar provided tailwind to prices, reported S&P Global.At 11:12 am in Singapore (0312 GMT), the ICE Brent July contract was up 27 cents/b (0.4%) from the May 6 settle at USD68.36/b, while the June NYMEX

Full article at mrcplast.com

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