Oil Prices Dip On Virus Worries; U.S. Stock Draw, China Data Check Losses

Read full article News1813 January 2021, 8:48 pm·2-min read SINGAPORE: Oil prices eased for a second day on Thursday as mounting coronavirus cases globally raised demand concerns, although a drawdown in U.S. crude stocks for a fifth straight week and robust data from China capped losses. Brent crude oil futures fell 18 cents, or 0.3%, to $55.88 a barrel by 0425 GMT, while U.S. West Texas Intermediate (WTI) slipped by 11 cents, or 0.2%, to $52.80 a barrel. “Oil market’s sizzling rally likely took a...