Crude Oil Prices: Oil tumbles 4% on concerns over Europe curbs

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The Economic Times


Oil prices fell more than 4% on Tuesday, hit by concerns over new pandemic curbs and slow vaccine rollouts in Europe as well as a stronger dollar.Brent crude futures were down $2.56, or 4%, to $62.08 a barrel by 12:16 p.m. ET (1616 GMT), having hit a low of $61.41. West Texas Intermediate crude (WTI) fell $2.65, or 4.3%, to $58.91, after falling to as low as $58.47.





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