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Crude Oil prices sink to two week low, see longest losing streak in a year

Mar 19, 2021 06:44 IST | By Editorji News Desk

Crude prices tumbled to a two week low as the commodity saw selling pressure for the fifth straight session.As per Reuters data this would make it the longest losing streak for WTI since February 2020 and for Brent since September 2020.

Experts cite slow down in vaccine roll out in Europe which would hurt demand for oil and also the strengthening dollar which is working against the commodity. The Bloomberg Dollar Spot Index saw the biggest advance in more than a week

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