Oil prices down almost 2% as new virus strain limits demand recovery
Brent crude was down 72c and US West Texas Intermediate crude 76c
22 December 2020 - 12:42
London — Oil prices dropped almost 2% on Tuesday to below $50 a barrel, adding to losses from the previous session, as a new coronavirus strain in the UK revived concerns over demand recovery.
The detection of the new strain prompted several countries to close their borders to Britain, though a British minister said the UK and France are working to reopen one of Europe’s most important trade routes...
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