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Oil edges lower as spread of Delta variant clouds prospects for demand

Oil edges lower as spread of Delta variant clouds prospects for demand
# 18 August 2021 07:00 (UTC +04:00)

Oil prices dipped on Wednesday, a fifth day of declines with investors wary about prospects for stronger fuel demand as the use of rail, air and other forms of transport remained constrained amid surging COVID-19 cases worldwide, APA reports quoting Reuters.

Brent crude was down 5 cents or 0.1% at $68.98 a barrel by 0139 GMT, having fallen 0.7% on Tuesday. U.S. oil lost 6 cents or 0.1% to $66.53 a barrel after dropping 1% in the previous session.

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