Crude oil resumes downward trend on COVID-19 pandemic and supply concerns

Crude oil resumes downward trend on COVID-19 pandemic and supply concerns
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21.07.2021

MOSCOW (MRC) -- Oil dropped towards USD68 a barrel on Tuesday, extending the previous session's steep slide, pressured by concern that rising COVID-19 infections could weaken demand again just when OPEC+ is increasing supply, reported Reuters.Monday's selloff had pushed oil to a two-month low and hit other riskier assets. While equities avoided a new selloff on Tuesday, US.Treasury and Ge

Full article at mrcplast.com

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