Crude oil slipped on growing concerns over new COVID-19 variant
Crude oil slipped on growing concerns over new COVID-19 variant
International benchmarks for crude oil fell on Monday 12, July 2021 as investors become increasingly concerned over the outbreak in Asia, which forced countries such as Japan, South Korea, and Vietnam to restrict movement, clouding the demand outlook for crude oil.
Brent for September settlement slid 39 cents to $75.16/barrel.
WTI lost 46 cents to $74.10/barrel.