Oil Dips on Covid Fears As Attention Turns To Earnings Reports
by Ship & Bunker News Team
Monday July 26, 2021
Meanwhile, Brazil defies global trend by planning to pump all-out: File Image/Pixabay
With media hype over Covid variant cases climbing in some parts of the world reaching fever pitch, crude prices on Monday suffered a dip, albeit slightly better than the
1 percent drop incurred shortly after the beginning of the session.
Vanda Insights said in a note, "With daily new Covid cases in the
U.S. continuing to rise, oil demand uncertainty was the main driver of market sentiment."
Peter McNally, global head of industrials, materials and energy at