Oil prices slip as economic fears offset tightening crude supplies
Reuters | Jul 12, 2021 11:06 PM EDT
An employee demonstrates a sample of crude oil in the Yarakta Oil Field, owned by Irkutsk Oil Company (INK), in Irkutsk Region, Russia in this picture illustration taken (Photo : REUTERS/Vasily Fedosenko/Illustration/File Photo)
Oil slumped on Monday over concerns about spreading COVID-19 variants derailing the global economic recovery that has brought fuel demand to near pre-pandemic levels, while tight crude supplies kept prices from falling lower.
Brent crude for September settled at $75.16 a barrel, losing 39 cents, or 0.5%. U.S. West Texas Intermediate crude for August settled at $74.10 a barrel, down 46 cents, or 0.6%.
مخاوف حيال تباطؤ النمو العالمي تطغى على شح في الإمدادات وتدفع النفط للانخفاض برنت إلى 74 66 دولار للبرميل
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