Oil slips as rising infections spark demand concerns


TOKYO, April 19 (Reuters): Oil prices were lower on Monday as rising coronavirus infections in India and other countries prompted concerns that stronger measures to contain the pandemic will hit economic activity, along with demand for commodities such as crude.

Brent crude was down 17 cents, or 0.3%, at US$66.60 a barrel by 0643 GMT, after rising 6% last week. West Texas Intermediate (WTI) U.S. oil was down 10 cents, or 0.2%, at US$63.03 a barrel, having gained 6.4% last week.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Oil , Prices , Slipping , Covid-19 , Worries , Demand , Slow

   

Next In Aseanplus News

Agricultural losses from floods estimated at RM16mil, says Mat Sabu
Travel fund shortage leads Chinese student to scam 63 hotels with dead roaches, used condoms
Speed skating-American Stolz claims fourth victory in Beijing
Chinese woman faces backlash for seeking second child via IVF while son battles leukaemia
Japan's popular Princess Aiko turns 23 with her future as a royal in doubt
Armed forces trucks to be mobilised to take SPM candidates to exam centres
Asean News Headlines at 10pm on Sunday (Dec 1, 2024)
Japan aims for next-gen solar power equivalent to 20 nuclear reactors by 2040
Canada to help South-East Asia go nuclear with new Singapore-based working group
'We are ready for the rush' Indonesia's transport sites prepared for year-end holiday, says minister

Others Also Read