Doubts have re-emerged over demand, with Covid-19 cases continuing to rise worldwide
Tokyo — Oil prices fell for the second straight day on Wednesday as doubts re-emerged over demand, with Covid-19 cases continuing to rise worldwide and fuel shortages in some regions.
Traders expect that oil cartel Opec and allies, usually known as Opec+, will decide to keep supplies tight when they meet next week. Oil demand is expected to rise strongly in the next few years, Opec forecast on Tuesday, sounding a warning that the world needed to keep investing in production to avert a crunch even as it transitions to less polluting forms of energy.
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