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Crude oil futures edge lower as pandemic concerns continue to weigh

From spglobal.com

Crude oil futures were lower during mid-morning trade in Asia July 26 as concerns over the spread of the delta variant of the coronavirus continued to weigh on the market's upward potential. At 11 am Singapore time (0300 GMT), the ICE September Brent futures contract was down 35 cents/b (0.47%) from the previous close at $73.75/b, while the NYMEX September light sweet crude contract was down 36 cents/b (0.50%) at $71.71/b. Both benchmarks experienced significant volatility in the week ended July 23, recovering from a plunge on July 19 to end the week marginally higher. The front-month ICE Brent marker rose 0.69% on ... (full story)

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  • Category: Fundamental Analysis