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Crude oil prices fell on Monday on expectations of increasing supply, while the recent surge in energy costs and rising COVID-19 cases are expected to weigh on demand.
Brent crude futures fell 87 cents , or 1.1%, to $81.30 a barrel, as of 11 a.m. EDT (1500 GMT). U.S. West Texas Intermediate (WTI) crude lost 80 cents, or 1.0%, to $79.99 a barrel.
Oil markets have ended each of the last three weeks lower than the previous one. However, Brent has only shed a total of 4% in that time, as the market see-sawed between concerns about insufficient supply and worries that high prices will cool demand just as drillers ramp up activity.
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Topics :Nirmala SitharamanToday NewsDeli air pollutionFuture RetailAmazonNarendra ModiDelhi air qualityfarm fires
First Published: Nov 15 2021 | 6:52 AM IST