Oil drops amid rising stockpiles and COVID-19 demand concerns | Reuters
Oil prices dropped on Tuesday, extending declines to three consecutive days, as rising stockpiles in the United States added to the risks to a demand recovery after countries including Germany and France halted COVID-19 vaccinations.
Brent crude was down 69 cents, or 1%, at $68.19 by 0531 GMT, having dropped 0.5% on Monday. U.S. crude was down 69 cents, or 1.1%, at $64.70 a barrel, after declining 0.3% in the previous session.
Germany, France and Italy plan to suspend AstraZeneca PLC COVID-19 injections after reports of possible serious side effects, although the World Health Organization said there was no established link to the vaccine.
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