Oil prices drop as demand fears linger


  • World
  • Wednesday, 23 Dec 2020

NEW YORK, Dec. 22 (Xinhua) -- Oil prices fell on Tuesday as traders grew concerned over weaker demand for fuel after a new strain of COVID-19 detected in Britain prompted fresh mobility restrictions.

The West Texas Intermediate for February delivery lost 95 cents to settle at 47.02 U.S. dollars a barrel on the New York Mercantile Exchange. Brent crude for February delivery decreased 83 cents to close at 50.08 dollars a barrel on the London ICE Futures Exchange.

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