Oil market extended the downtrend on COVID-19 concerned
Oil market extended the downtrend on COVID-19 concerned
Global benchmarks for crude oil fell for the fourth straight session on Tuesday, 17 August 2021 on the back of the strengthening US dollar and persistent concerns over the demand outlook as the Delta variant rage on in Asia.
Brent slipped 48 cents to settled at $69.03/barrel.
WTI dropped 70 cents to $66.59/barrel.