Singapore — Oil edged lower in Asia after dropping the most since early November on Monday as a faster-spreading strain of the virus discovered in the UK raised the risk of more lockdowns and less global travel.
Futures in New York for February delivery traded near $48 a barrel after losing 2.6% Monday. Many countries have suspended travel with the UK, where more than 16-million people are now required to stay at home. New York governor Andrew Cuomo said he believes the new strain is already circulating in the city. A stronger dollar also reduced the appeal of oil that is priced in the currency...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.