Home Oil & Companies News Oil rises but set for 5% weekly drop as Delta variant spreads

Oil rises but set for 5% weekly drop as Delta variant spreads

Oil prices steadied on Friday, clambering away from three-month lows, but they were still on track for a weekly loss of more than 5% as new lockdowns in countries facing surging cases of the COVID-19 Delta variant dampened the outlook for fuel demand. Broader investor risk aversion also weighed on oil with the U.S. dollar …

The post Oil rises but set for 5% weekly drop as Delta variant spreads first appeared on Hellenic Shipping News Worldwide. Source

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