Wednesday, July 8, 2026
Oil drops on India’s COVID-19 crisis, pipeline resumption- oil and gas 360

Oil drops on India’s COVID-19 crisis, pipeline resumption

CNBC Oil prices fell more than 2% on Thursday as India’s coronavirus crisis deepened and a key U.S. pipeline resumed operations, halting a rally that had lifted crude to an eight-week high after the IEA and OPEC forecast a rebound in global demand later in the year. Brent crude was down 2.4%, or $1.69, at $67.63 a barrel, after rising 1%