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Oil noticeably falls in price amid possible decrease in demand in Asia
Energy
- 14 March, 2022
- 06:00
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Global oil prices fell noticeably on March 14 morning, as investors suggest a possible decrease in demand for crude in Asia due to new outbreaks of COVID-19, Report informs referring to the auction data.
The price of May futures for Brent crude oil fell by 1.78% to $110.67 per barrel, April futures for WTI fell by 2.3% to $106.81.
Oil investors on March 14 are concerned about a possible decrease in demand for oil in Asia due to new reports of the identification of people infected with the novel coronavirus.
Oil prices in Asia are down about 2%, likely due to recent developments related to COVID-19 in China, the Wall Street Journal reports.
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