Business News Live: U.S. oil set for biggest weekly decline since October on Delta variant worries


U.S. oil set for biggest weekly decline since October on Delta variant worries

U.S. crude oil futures are headed for the biggest weekly fall since October after top consumers imposed travel restrictions due to surge in COVID infections owing to Delta variant, Reuters reported.

U.S. West Texas Intermediate (WTI) futures have plunged 6.6% this week, biggest weekly fall since October. Brent crude oil futures have dropped 6.6%, the most since mid-March.

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