Oil Maintains Losses for Third Day

Oil prices continued to decline for the third consecutive session on Tuesday, amid concerns about the recovery of the global demand and overcoming the Coronavirus crisis.

Brent crude futures finished lower by 49 cents at $68.39 per barrel.

Meanwhile, the West Texas Intermediate (WTI) futures plunged by 59 cents and closed at $64.80 per barrel.

The suspension of some coronavirus vaccines, especially in Europe, is raising worries about the efficacy of plans to combat the global pandemic, which is reflecting negatively on the demand outlook for crude oil.