Crude oil drops as rising stockpiles compound Covid-19 demand concerns
TOKYO (Reuters) – Oil prices fell for a third straight day on Tuesday as rising stockpiles in the United States added to concerns about risks to demand as countries including Germany and France halt COVID-19 vaccinations.
Brent crude was down 49 cents, or 0.7%, at $68.39 by 0433 GMT, having dropped 0.5% on Monday. U.S. crude was down 47 cents, or 0.7%, at $64.92 a barrel, after declining 0.3% in the previous session.
Germany, France and Italy plan to suspend AstraZeneca PLC COVID-19 injections after reports of possible serious side effects, although the World Health Organization said there was no established link to the vaccine.
