Crude oil fell 2% on bearish demand outlook
Crude oil fell 2% on bearish demand outlook
International benchmarks for crude oil fell on Wednesday, 21 April 2021 for the second session in a row on the concern that rising COVID-19 cases in India would dent demand. Besides, the unexpected increase in US crude inventories has also affected investors' confidence.
Brent losses $1.25, or 1.91% to $65.32/barrel.
WTI dived $1.31, or 2.15% to $61.35/barrel.