Oil drops for 2nd session on concerns over rising COVID-19 cases - Business News, Finance News, Share Market News - Market trendz

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Monday 10 January 2022

Oil drops for 2nd session on concerns over rising COVID-19 cases

Oil lost more ground on Monday as rapidly climbing cases of the Omicron COVID-19 variant hit economic activity, although losses were curbed by supply disruptions in Kazakhstan and Libya. Brent crude slid 38 cents, or 0.46%, to $81.37 a barrel, while U.S. West Texas Intermediate (WTI) crude was down 34 cents, or 0.43%, to $78.56 a barrel.

from Commodities-Markets-Economic Times
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