Oil slips for fourth day on European demand worries

Oil slipped for a fourth day on Wednesday as concerns about weaker demand in Europe outweighed an industry report that showed US crude stockpiles unexpectedly fell last week.

Several European countries have paused the use of AstraZeneca’s Covid-19 vaccine due to worries over possible side effects. Germany is seeing rising coronavirus cases, while Italy is imposing a nationwide Easter lockdown.

Brent crude fell 27 cents, or 0.4%, to $68.12 a barrel by 0917 GMT. U.S. West Texas Intermediate (WTI) crude dropped 11 cents, or 0.2%, to $64.69.