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Oil Finished Lower for Second Day in Row

M. Ali 23 December, 2020 1:02 am Commodities, Market Update

Oil prices declined for the second day in a row, amid concerns about a new variant of the novel Coronavirus and the rise of the US Dollar (USD).

Brent crude futures for February delivery lost 83 cents, or 1.6%, to close at $50.08 per barrel.

Meanwhile, the West Texas Intermediate (WTI) futures for February delivery closed lower by 95 cents, or 2%, at $47.97 per barrel.

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