Oil fell to three weeks low on exacerbating demand concerns
Oil fell to three weeks low on exacerbating demand concerns
International benchmarks for crude oil extended the falling trend on Monday, 9 August 2021 as the fast-spreading Delta variant hampers demand outlook while the Federal Reserve’s comments on the potential pullback on stimulus shake investors’ confidence further.
Brent for October delivery fell $1.66 to $69.04/barrel.
WTI dropped $1.80 to $66.48/barrel.