Oil drops by the most since 2020 as dollar rises and vaccine rollout stalls

US stockpiles may grow more after WTI flips into contango

Stronger dollar: adding further pressure to oil prices — Stronger dollar: adding further pressure to oil pricesPhoto: AFP

Reuters

Oil Price USA Saudi Arabia Covid Opec

Published 18 March 2021, 19:14Updated 18 March 2021, 19:14