WTI CRUDE OIL UPDATE
Despite the vaccination rollout, there is fear that the current wave of lockdowns
and restrictions will continue to inflict more damage on fuel demand.
London stepped up restrictions requiring bars and restaurants to close,
as COVID-19 infection rates continued to rise sharply in the U.K., which will dent fuel demand in the near term.
CNBC said that “further marring the demand outlook, Italy said it was considering more stringent restrictions over the Christmas holidays, while most stores in Germany have been ordered to shut until January 10, with little prospect of an easing early in the new year.
WAITFOR REJECTION AROUND $47.20
and restrictions will continue to inflict more damage on fuel demand.
London stepped up restrictions requiring bars and restaurants to close,
as COVID-19 infection rates continued to rise sharply in the U.K., which will dent fuel demand in the near term.
CNBC said that “further marring the demand outlook, Italy said it was considering more stringent restrictions over the Christmas holidays, while most stores in Germany have been ordered to shut until January 10, with little prospect of an easing early in the new year.
WAITFOR REJECTION AROUND $47.20
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