May 16, 2021 2:36 a.m.

Crude oil inched lower on supply and demand concerns

International benchmarks for crude oil traded lower on Friday, 9 April 2021 on concerns over the demand outlook amid a new wave of COVID-19.

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International benchmarks for crude oil traded lower on Friday, 9 April 2021 on concerns over the demand outlook amid a new wave of COVID-19 while OPEC+ is lifting production outputs progressively in the coming three months.

Brent loses 25 cents, or 0.4% to $62.95/barrel. 

WTI drop 28 cents, or 0.47% to $59.32/barrel.