Crude oil falls 0.34% to Rs 4,429/barrel on demand concerns, Brent trades below $63

  • Date: 08-Apr-2021
  • Source: Money Control
  • Sector:Oil & Gas
  • Country:Gulf
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Crude oil falls 0.34% to Rs 4,429/barrel on demand concerns, Brent trades below $63

Weighing on crude price is stability in US dollar post FOMC minutes, rising virus cases, efforts to ease US-Iran tensions and OPEC̢۪s decision to raise output in the coming months.