Oil Market

Oil prices recover from three-week lows

The Longest Losing Streak Since 2020 – Oil Prices Fell

Oil prices drop for the sixth day in their extensive losing streak since February 2020. The sharp increase in COVID-19 cases has raised fears of declining fuel demand. After hitting the lowest earlier in the session, Brent crude was down 1.6%, at $ 67.12. U.S. West Intermediate crude (WTI) fell 2.1%, to $ 64.11. WTI …

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