Crude Oil falls Down for Third Consecutive Day as Concerns over Continue COVID-19 spread

Oil was fallen down Wednesday morning in Asia, falling for a third consecutive day as concerns about the increasing numbers of COVID-19 cases globally dampen the fuel demand outlook. Brent oil futures inched down 0.03% to $72.39 and WTI futures edged down 0.20% to $70.42. Both Brent and WTI futures fell on Tuesday to their lowest levels since…

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U.S. Stabilization of the crude structure, tight distribution beliefs control losses

U.S. Energy Information Management (EAA) U.S. Confirming an astonishing structure in the supply of crude oil, the rising Govt-19 cases reduce the global fuel demand outlook. However, the black liquid kept most of its gains from the previous session above expectations that products would be tight by the end of 2021. Brent oil futures rose…

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