Oil Down as COVID-19 Cases Continue to Rise in India By Investing.com – Investing.com

  • Date: 14-May-2021
  • Source: Investing.com
  • Sector:Healthcare
  • Country:Gulf
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Oil Down as COVID-19 Cases Continue to Rise in India By Investing.com – Investing.com

By Gina Lee

Investing.com – Oil was down Friday morning in Asia, continuing Thursday’s 3% drop, as the number of COVID-19 cases in India remains near record highs and fuel demand worries continue. Meanwhile, a key network in the U.S. resumed operations after an almost weeklong closure.

fell 0.42% to $66.77 by 12:22 PM ET (4:22 AM GMT) and were down 0.33% to $63.61.