Brent dips below $50 as Covid-19 lockdowns tighten

Opec's decision to also pare back its recast for a recovery in oil demand by 350,000 bpd in 2021 also weighs on prices

Reverse: Monday's gains were wiped out as Brent dipped back below $50 on tightening European Covid-19 lockdowns — Reverse: Monday's gains were wiped out as Brent dipped back below $50 on tightening European Covid-19 lockdownsPhoto: AP/SCANPIX

Reuters

Italy Germany American Petroleum Institute Energy Information Administration USA

Published 15 December 2020, 06:44Updated 15 December 2020, 06:44