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Oil prices fall first day in four as virus concerns return

Oil fell on Thursday for the first session in four amid renewed concerns about demand recovery as more restrictions are imposed to curb COVID-19 infections, APA reports quoting Reuters.

Brent crude was down 45 cents, or 0.6%, at $71.80 a barrel by 0222 GMT, having risen 1.7% on Wednesday.

U.S. oil was down 55 cents, or 0.8%, at $67.81 a barrel, after gaining 1.2% in the previous session.

Fresh outbreaks fuelled by the Delta variant of the coronavirus are raising concerns about the strength of the economic recovery globally, hitting demand for oil and other commodities.

Source: Azeri-Press News Agency