London — Oil prices fell on Thursday as a new round of coronavirus restrictions in Europe revived worries about demand for oil products, as tug boats struggled to move a stranded container ship blocking crude oil carriers in the Suez Canal.
“We believe that the incident mostly creates noise in the market, and should remain without any lasting fundamental impact,” said Norbert Rücker, analyst at Julius Bär bank “Usually, similar incidents last days rather than weeks.” India also reported its highest one-day tally of new infections and deaths and said a new “double mutant” variant of the coronavirus had been found.
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