Oil price remains uncertain amid pandemic

Despite vaccination campaigns, the Delta variant has caused worldwide concern and also affected the oil sector. The concern and uncertainty about new restrictions to try to contain the transmission of the virus interferes with the sector that last Tuesday (3), despite having remained at the level of US$ 70 per barrel, closed down futures contracts.

Analysts at Commerzbank say that "the oil market continues to alternate between concerns about restricting offers, on the one hand, and the iinence of interruptions in demand on the other."

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