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Oil prices plunged about 6% on Tuesday and fell further in post-settlement trade. The declines followed concerns over new pandemic curbs, slow vaccine rollouts in Europe, and oversupply worries.
Weaker expected fuel demand from European lockdowns lowers crude prices, which can ease energy and freight costs for feed producers.
reuters.comJessica Resnick-AultMar 23, 2021Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
