Brent crude settled 39 cents, or 0.6% lower, at US$68 a barrel while U.S. West Texas Intermediate (WTI) crude dropped 20 cents, or 0.3%, to end at $63.68. Both contracts fell by more than $1 during the session. (File pic; Oil storage at Cushing, Oklahoma.)
NEW YORK: Oil price slipped for a fourth day on Wednesday, weighed down by expectations of weaker demand in Europe and by rising U.S. crude inventories.
Several European countries have paused the use of AstraZeneca's COVID-19 vaccine on worries over possible side effects. Germany is seeing rising coronavirus cases, Italy is imposing a nationwide Easter lockdown and France plans to enforce tougher curbs.
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