• ‘Mutant' virus attacks global oil

    2 days ago - By RT

    The price of crude recorded its steepest daily decline since July on Friday as reports of the new heavily-mutated coronavirus strain raised concerns of fresh travel restrictions that could cripple fuel demand.
    International benchmark Brent plunged more than 5%, to $77.76 a barrel by 09:55 GMT. US West Texas Intermediate crude was down 6.6%, at $73.19 a barrel, after hitting a two-month low during the session.
    Oil slid in tandem with financial markets on fears that the new variant, which was first detected in southern Africa, could slow economic growth if new restrictions are imposed.
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