Oil Continues To Slide As OPEC Stays Silent

Oil prices fell for a third day in a row early on Thursday as uncertainty coming from the OPEC+ deadlock and fears of COVID variants spreading fast weighed on the market. As of 10:44 a.m. EDT on Thursday, before the weekly EIA inventory report, WTI Crude was down 0.69 percent at $71.70 and Brent Crude traded down 0.

39 percent at $73.11. Both benchmarks have now lost $3-4 per barrel since Monday close, when they hit multi-year highs. The market largely shrugged off a seventh straight weekly inventory draw reported by the American Petroleum Institute…