Oil prices fell on renewed demand concerns as coronavirus cases in Asia rise and on fears of rising inflation might lead the US Federal Reserve to raise interest rates, which could limit economic growth, reports ArabNews.
Oil price fallBrent crude futures fell 73 cents, or 1.1 percent, to $67.98 a barrel at 0452 GMT. It settled 1.1 percent lower on Tuesday after briefly climbing above $70 earlier in the session.
US West Texas Intermediate (WTI) crude futures dropped 77 cents, or 1.2 percent, to...
https://mfame.guru/oil-prices-fall-amid-rising-covid-19-infections-in-asia/