Oil drops towards $66 as India demand concerns weigh


By Alex Lawler LONDON (Reuters) - Oil dropped towards $66 a barrel on Monday as concern about demand in India and higher OPEC+ supply offset optimism over rising demand in other major consumers such as China and the United States. India on Monday reported more than 300,000 new coronavirus cases for a 12th straight day. The new wave of the virus has already led to a drop in fuel sales in the world's third-largest consumer in April. Brent crude fell 31 cents, or 0.

5%, to $66.45 a barrel by 0815 GMT. U.S. West Texas Intermediate.....

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