Oil prices eased today along with other financial markets. \u201cThe renewed concerns about demand due to very high numbers of new corona cases and further mobility restrictions, plus the stronger U.S. dollar, are generating selling pressure,” Commerzbank analyst Eugen Weinberg said. Oil is coming off of strong rallies so no surprise to see a bit of profit-taking after last week. The move from the Saudis should act as support for prices going forward and at least create a sort of floor in the market. WTI traded up $.01 or .02% to close at $52.25. Brent traded down $.33 or -.59% to close at $55.66.<\/p>\n\n\n\n
Oil prices eased today along with other financial markets. \u201cThe renewed concerns about demand due to very high numbers of new corona<\/p>\n","protected":false},"author":2,"featured_media":2651,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[26],"tags":[],"class_list":["post-2649","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-petroleum-daily"],"yoast_head":"\n