Oil steadies after sell-off but European lockdowns hurt outlook for demand recovery

Capt. John

Oil steadied on Monday as hopes for a pick-up in demand later this year helped arrest last week’s broad sell-off, but prices stayed under pressure as new European coronavirus lockdowns made a quick recovery look less likely. Brent crude ended the session up 9 cents or 0.1% at $64.62 a barrel, while...

https://www.hellenicshippingnews.com/oil-steadies-after-sell-off-but-european-lockdowns-hurt-outlook-for-demand-recovery/

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