West Texas Intermediate (WTI) crude futures remained below $60 per barrel on Thursday for a fourth consecutive session. It touched an over two-year high of $67.98 during the second week of March, amid oversupply concerns and fears that extended restrictive measures in Europe, slow vaccine rollouts, and rising COVID-19 cases in top consumers India and Brazil could further hit the recovery in fuel demand. Brent crude futures traded below $64 per barrel on Thursday for the fourth session in a row, remaining far below a 14-month high of $71.38 hit in mid-March.
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