Crude Oil Flat; Europe, U.S. Economies Reopen, But Asia Worries Mount


Source: yahoo.com yahoo.com

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By Peter Nurse Investing.com -- Crude oil prices were largely unchanged Tuesday, handing back earlier gains as traders digested reopenings of the European and U.S. economies as well as the deteriorating Covid situation in Asia. By 9:10 AM ET (1410 GMT), U.S. crude futures traded 0.1% lower at $66.19 a barrel, while the international benchmark Brent contract was flat at $69.44, after earlier topping $70 for the first time since March 15. The Brent contract hasn’t had a prolonged period above $70 since 2019. U.S. Gasoline RBOB Futures were up 0.3% at $2.1653 a gallon. The news surrounding the Covid-19...