Oil Down Despite Several Indicators Of Imminent Demand Recovery
by Ship & Bunker News Team
Thursday January 28, 2021 Wood Mackenzie predicts a 7 percent global oil demand rise this year: File Image/Pixabay Seemingly immune to any promising news about demand recovery in 2021, crude traders on Thursday maintained their concern that recovery might be slower than anticipated - and as a result, two key benchmarks ended their sessions lower. Brent fell
$55.53 per barrel, while West Texas Intermediate ended
51 cents lower at
$52.34; the losses were said to be triggered by news of stricter Covid vaccine checks by the
European Union and delivery hold-ups from