Brent dips below $63/b as output rises add to lockdown bullying

13.04.2021

Oil prices settled lower on Friday and fell around 2% this week as production increases and renewed COVID-19 lockdowns in some countries offset optimism about a recovery in fuel demand.

Brent crude futures for June settled down 22 cents, or 0.4%, to $62.95. U.S. West Texas Intermediate (WTI) crude for May ended...