- Crude oil futures fell during the mid-morning trade in Asia March 16, as the market sentiment was knocked by a trifecta of rising COVID-19 cases.
- As result, it has led to the supply-side worries and strengthening of dollar.
- The ICE Brent May contract was down 83 cents/b (1.20%) from the March 15 settle to $68.05/b.
- While the April NYMEX light sweet crude contract was down by 76 cents/b (1.16%) to $64.63/b.
A recent news article published in the Platts written by Rohan Gupta and Aastha...
https://mfame.guru/rising-covid-19-cases-nightmare-for-crude-oil-market/