Oil prices fall on rising Covid-19 infections in Asia, inflation fears

Topics Oil Prices | Brent crude


By Roslan Khasawneh SINGAPORE (Reuters) -Oil prices fell for a second day on Wednesday on renewed demand concerns as coronavirus cases in Asia rise and on fears of rising inflation might lead the U.S. Federal Reserve to raise interest rates, which could limit economic growth. Brent crude futures fell 73 cents, or 1.1%, to $67.98 a barrel at 0452 GMT.

It settled 1.1% lower on Tuesday after briefly climbing above $70 earlier in the session. U.S. West Texas Intermediate (WTI) crude futures dropped 77 cents, or 1.2%, to $64.72 a barrel,.....

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