Crude oil prices edge down 0.51% - 0.65%
As of December 22, Brent Crude futures for February settlement were trading 0.51% lower to settle at $ 50,65 a barrel on the London-based ICE Futures Europe Exchange.
Light Sweet Crude (WTI) futures for February delivery on the New York Mercantile Exchange declined 0.65% to close at $ 47,66 a barrel. WTI futures for January settlement dropped by 2.67% to $47.79 a barrel.
The oil demand recovery is constrained by the fears over new the so-called 'highly contagious’ Covid-19 strain detected in the UK