A recent rally in crude prices drew to a close, underpinned by lower demand in Asia-Pacifc and a slowdown in the decline rate of Covid-19 infections in the US. International benchmark Ice Brent dropped by $1.55/bl to $63.69/bl, while US light sweet marker WTI fell by 85￠/bl to $60.64/bl in the week to 1 March. Chi- nese refineries prepared to head into turnaround in April — reducing demand for sour crudes in particular — and coronavirus cases rebounded again in India.
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