Oil prices drop 5% as demand concerns outweigh Suez disruption

Brent crude slid fell $2.79, or 4.3%, to $61.62 a barrel by 11:20 a.m. EDT (1520 GMT). US West Texas Intermediate (WTI) crude fell $3.20, or 5.2%, to $57.98 a barrel.

from Commodities-Markets-Economic Times
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