Oil retreats as India's coronavirus crisis deepens

Prices fall away from eight-week highs as Covid-19 situation in India offsets Opec's optimism for a rebound in demand from the US and China

Covid crisis: a health worker inoculates a man with a dose of the Covishield Covid-19 coronavirus vaccine at a vaccination centre in New Delhi
Covid crisis: a health worker inoculates a man with a dose of the Covishield Covid-19 coronavirus vaccine at a vaccination centre in New DelhiPhoto: AFP/SCANPIX
Published 13 May 2021, 07:55Updated 13 May 2021, 07:55