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MARKETS

Oil prices sink lower as Delta variant fears creep in

OIL prices have sunk as part of a broader market sell-off overnight as the Delta variant continues to threaten oil demand and OPEC+ reached a deal to boost output.

Mark Tilly
Part of broader market jitters

Part of broader market jitters

Futures in New York fell 7.5% overnight, the largest decline since September.  OPEC and its allies announced a plan on Sunday to boost output by 400,000 barrels a day each month starting from August,...

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