38 days ago • Posted by William Ramstein

Oil sees biggest weekly drop on Asia covid flare up

West Texas Intermediate fell 0.6%, taking the week’s loss to more than 2%, the most since the period to April 9. Singapore will reimpose curbs, Japan plans to extend restrictions, and China saw its first infections in about a month, just as key oil importer India continues to report more than 300,000 cases a day. Crude’s weakness on Friday came amid a broad retreat in commodities.

Source: Yahoo

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