Covid worries, increased Opec production lead to oil price nosedive

Brent, West Texas Intermediate crude prices down more than 7%

More barrels: Opec's agreement to increase production starting in August helped spark a Monday selloff — More barrels: Opec's agreement to increase production starting in August helped spark a Monday selloffPhoto: REUTERS

Mark Passwaters

Houston

USA Saudi Arabia United Arab Emirates West Texas Intermediate Americas

Published 19 July 2021, 20:15Updated 20 July 2021, 02:15