Business Standard

Oil prices fall as Suez Canal opens, focus turns to OPEC+ output

Brent crude was down $1.02, or 1.6%, at $63.96 a barrel by 1334 GMT. West Texas Intermediate US oil was off by $1.16, or 1.9%, at $60.40 barrel

suez canal, ships, shipping, evergreen, container, transport
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Helped by the peak of high tide, a number of tugboats managed to wrench the bulbous bow of the skyscraper-sized Ever Given from the canal's sandy bank

Reuters
Oil prices slid on Tuesday as the Suez Canal reopened to traffic, while focus turned to an OPEC+ meeting this week which analysts expect to approve an extension to supply curbs amid disappointing demand prospects.
 
Brent crude was down $1.02, or 1.6%, at $63.96 a barrel by 1334 GMT. West Texas Intermediate US oil was off by $1.16, or 1.9%, at $60.40 barrel.
 
Ships were moving through the Suez Canal again on Tuesday after tugs refloated the Ever Given container carrier, which had blocked the passage for almost a week, creating a build-up of vessels waiting to pass.
 
With concerns

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