Oil steadied above $71 a barrel as investors weighed the risk to consumption posed by the spread of the delta coronavirus variant.
West Texas Intermediate was 0.4% higher after slumping 3.6% Monday, the biggest loss in two weeks. The highly infectious Covid-19 variant is forcing governments to reimpose or extend curbs, and investors are tracking an uptick in cases in the world’s biggest crude market China. Among moves this week, residents in the capital, Beijing, were advised not to leave the city.
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August 03, 2021 at 06:47AM
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Crude Oil Steadies as Investors Size Up Delta's Threat to Demand - Bloomberg
"Oil" - Google News
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