Oil nosedives as concern over third wave of Covid-19 crushes demand

It is down nearly 9% for the week, as a new wave of Covid infections across Europe has led to new lockdowns and doubts over recovery in fuel demand. The price of crude continued to slide on Friday for the sixth day in a row.

The price of crude plummeted by over 4% on Tuesday, with concerns that new coronavirus curbs and slow vaccine rollouts in Europe will hurt a recovery in demand. Read Full Article at

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