8 days ago • Posted by Martin Boujol

Brent oil managed to steady near an 8-week low after major sell-off

The Covid-19 resurgence is making investors fear the the demand for energy might not be so high in the end. Brent oil steadied at $69 after a 6.8% plunge on Monday, the most since March. A stronger dollar has also weighted on the commodity's price, as it means that raw materials are more expensive in the US and thus less attractive to investors. Source: ICE, Yahoo Finance

#Commodities
Brent oil managed to steady near an 8-week low after major sell-off
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