World Oil Prices Rise to US$66.47 per Barrel (Monday, April 19, 2021)
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Global oil prices saw a slight increase on Monday, April 19, 2021, until 10:33 WIB. Brent crude traded at US$66.47 per barrel, up 0.09% from the previous trading session. Meanwhile, West Texas Intermediate (WTI) crude was priced at US$63.13 per barrel as of Friday, April 16, 2021.
This Monday's price change was overshadowed by concerns over rising Covid-19 cases in India and several other countries, further suppressing and impacting economic activity.
Meanwhile, Japan reported fewer Covid-19 cases compared to other major countries. However, its slower vaccination rate compared to other G7 members and the public's lower crisis sensitivity could trigger a new wave of infections, as cited by Reuters.
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