Oil dips below $65 as investors assessing near-term demand

  • Date: 18-May-2021
  • Source: Emirates Business
  • Sector:Financial Markets
  • Country:Gulf
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Oil dips below $65 as investors assessing near-term demand

Bloomberg Oil drifted lower as a demand recovery in key regions raised optimism about rising fuel consumption, despite a Covid-19 flare-up in parts of Asia. Futures in New York slipped near $65 a barrel while Brent fell towards $68 in London as the dollar nudged higher. Chinese refiners have churned through record volumes of crude ...Bloomberg Oil drifted lower as a demand recovery in key regions raised optimism about rising fuel consumption, despite a Covid-19 flare-up in parts of Asia. Futures in New York slipped near $65 a barrel while Brent fell towards $68 in London as the dollar nudged higher. Chinese refiners have churned through record volumes of crude ...