Crude oil prices fell sharply on Monday, weighed down by concerns about oversupply in the market after the Organization of the Petroleum Exporting Countries and it allies, collectively known as OPEC+, agreed to boost output.
Oil prices were also hurt by rising concerns about outlook for energy demand due to the rapidly spreading delta variant of the coronavirus and fresh restrictions on movements in several countries across the world.
Subscribe to continue reading the article.
This article is part of our premium content offering.Subscribe with a RTTNews subscription.
Subscribe NowAlready subscribed? Sign in
For comments and feedback: editorial@rttnews.com