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Crude prices extend losses, tumble 4% as virus worries weigh

Dow Jones2021-08-09

Crude prices fell sharply on Monday, extending losses from late last week partly due to concerns about the spread of the delta variant of coronavirus. Crude for September delivery fell $2.84, or 4.2%, to $65.43 a barrel. Brent oil fell $2.76, or 3.9%, to $67.93 a barrel. U.S. oil futures booked the sharpest weekly slump in 9 months on Friday as the dollar rallied on the back of strong jobs data. Spreading cases of the delta variant have also sparked concerns of a growth slowdown, which would impact oil demand. Goldman Sachs slashed its China third-quarter growth forecast, which lowered its annual view, due to more cases of COVID-19.

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Comment12

  • BlueDaisy
    ·2021-08-09
    Seasonal correction also
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  • Rashamon96
    ·2021-08-09
    Ok
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  • Greenhulk
    ·2021-08-09
    Crude oil price is still at the level oil exporting country still can make profit. 
    Reply
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  • Hksg
    ·2021-08-09
    Not easy to trade at all
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  • Winyss10
    ·2021-08-09
    2 minutes ago
    Reply
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  • Kimmikim
    ·2021-08-09
    Wa
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    • Kimmikim
      Wa
      2021-08-09
      Reply
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  • milliongal
    ·2021-08-09
    Ok
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    • Timong
      Ok
      2021-08-09
      Reply
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  • CINDYTAN
    ·2021-08-09
    Should go down
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    • Andrewinho
      ???
      2021-08-10
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    • NP_YT
      agree
      2021-08-09
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  • PML318
    ·2021-08-09
    Ok
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  • PML318
    ·2021-08-09
    Ok
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    • Cynphony
      Commented
      2021-08-09
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  • sinneDteo
    ·2021-08-09
    Good luck
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  • OddEyeCircle
    ·2021-08-09
    Please like and comment
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    • Mib1515
      Ok
      2021-08-09
      Reply
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