Monday, March 24, 2025
Oil falls in volatile session on concerns over COVID spread- oil and gas 360

Oil falls in volatile session on concerns over COVID spread

Reuters LONDON – Oil fell on Tuesday in volatile trade as concern over rising cases of the Delta coronavirus variant weighed on prices while expectations of a lower U.S. inventories lent some support. Benchmark Brent crude oil futures fell $1.22, or 1.7%, to $71.67 a barrel by 1236 GMT. U.S. West Texas Intermediate (WTI) crude was down $1.42, or 2%,