This Issue Makes Black Gold Trapped Again! - Kakiforex.com - Financial Market Media No. 1 in the World This Issue Makes Black Gold Trapped Again! This Issue Makes Black Gold Trapped Again!
InstaForex

March 16, 2021

This Issue Makes Black Gold Trapped Again!

 Oil prices continued to decline on Tuesday, weighed down by concerns over demand risks as most European countries temporarily halted Covid-19 vaccination.


Germany, France and Italy plan to suspend the use of the AstraZeneca vaccine following reports of possible serious side effects experienced by vaccine recipients.


However, the World Health Organization (WHO) said the case had nothing to do with the vaccine and urged the country not to postpone it.



AstraZeneca also says there is no evidence to suggest its vaccine will have side effects.


Brent crude futures traded back lower at $ 68.48 a barrel after touching $ 70 on Monday, while US WTI slipped to around $ 65 a barrel.


Meanwhile, the market is now awaiting the publication of US crude oil inventory data by the American Petroleum Institute (API) which will report the level of US crude oil supply. The market expects there to be a rise last week.