Oil drops from one-mth highs on demand fears as virus surges


Oil drilling russiaBrent crude settled down 48 cents, or 0.7%, at US$66.57 a barrel. During the session it reached its highest since March 18 at $68.08. U.S. West Texas Intermediate (WTI) crude fell 94 cents, or 1.5%, to $62.44.

NEW YORK: Crude futures settled lower on Tuesday, pulling back from one-month highs, on fears that India, the world's third-biggest oil importer, may impose restrictions as coronavirus infections and deaths surge to record highs.

Oil prices have risen steadily this year on anticipation that demand would recover, but while the United States and China are rebounding, numerous other countries are not.

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Oil price , Brent , U.S. oil , WTI , India , coronavirus ,

   

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