LONDON: Oil slipped for a fourth day on Wednesday as concerns about weaker demand in Europe outweighed an industry report that showed US crude stockpiles unexpectedly fell last week.
Several European countries have paused the use of AstraZeneca’s Covid-19 vaccine due to worries over possible side effects. Germany is seeing rising coronavirus cases, while Italy is imposing a nationwide Easter lockdown.
Brent crude fell $0.66, or 1%, to $67.73 a barrel by 1031 GMT. US West Texas Intermediate (WTI) crude dropped $0.42, or 0.7%, to $64.38. Read more…..
Chart of the Day
Is the stock market a bubble in 2021? Well, Charlie Munger certainly seems to think so. Recently, Charlie gave a 2 hour long Q&A session at the Daily Journal annual shareholder’s meeting, where discussed the current state of the stock market, how he’s approaching his investing and when he thinks this bubble will pop.