Oil Prices Drop as IEA Warns
Oil prices dipped on Thursday as the International Energy Agency (IEA) warned that the spread of the coronavirus’s Delta variant would stymie global demand recovery. Brent oil futures were down 26 cents, or 0.36 percent, at $71.18 a barrel by 11:21 a.m. GMT, after reaching a session high of $71.90 earlier. West Texas Intermediate (WTI) …