Oil prices fall for 2nd session as COVID-19 lockdown raised fresh concerns
Mon, Jan 25, 2021 9:35 AM

Oil prices fall for 2nd session as COVID-19 lockdown raised fresh concerns

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Oil prices slipped for a 2nd straight session on Monday as renewed lockdowns raised fresh concerns about fuel demand. Brent crude futures for March fell 15 cents, or 0.3%, to $55.26 a barrel by 0158 GMT, while U.S. West Texas Intermediate crude for March was at $52.19 a barrel, down 8 cents, or 0.2%. Signs of weaker demand weighed on the market due to lockdowns in Hong Kong & China.

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