Oil dips after OPEC warns of downside risks to demand in first half of 2021

Topics Oil Prices | Oil prices slip | OPEC

By Florence Tan SINGAPORE (Reuters) - Oil prices edged lower on Monday, the first day of 2021 trading, ahead of a meeting of OPEC and allied producers to discuss output levels for February with fears for first-half demand seeping into the market as the coronavirus pandemic lingers. Brent crude for March was at $51.76 a barrel, down 4 cents or 0.08%, by 0038 GMT while U.

S. West Texas Intermediate crude for February fell 9 cents, or 0.2%, to $48.43 a barrel. Mohammad Barkindo, Secretary General of the Organization of the Petroleum.....

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