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Global crude oil prices down by over 3%

Wed 24 Mar 2021, 10:53:49
Global crude oil prices fell over 3 percent yesterday, hit by concerns that new pandemic curbs and slow vaccine roll-outs in Europe will hold back recovery in demand, while a stronger dollar also weighed.
 
So Brent crude futures slumped 2 dollars and 20 cents, to 62.42 dollars a barrel.
 
US crude futures declined 2 dollars and 10 cents, to 59.46 dollars a barrel.
 
Extended lockdowns are being driven by the threat of a third wave of infections, with a new variant of the coronavirus on the continent. Germany, Europe’s biggest oil consumer, is extending its lockdown until April 18 and asked citizens to stay home.



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