CommoPlast

Crude oil extended the weakening trend on easing supply concerns

Crude oil extended the weakening trend on easing supply concerns



International benchmarks for crude oil hit tow-weeks lows on Tuesday, 2 March 2021 on expectations that OPEC+ would ease supply curb at their meeting later this week. 

Brent loses $0.18/barrel or 0.27% to $65.95/barrel.

WTI dropped $0.86/barrel or 1.42% to $60.64/barrel.