A global decrease in Oil prices 

  • 26-11-2021, 22:08
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    Follow up - INA 

    Oil prices decreased more than ten percent, recording the largest one-day decline since April of last year, due to fears of the repercussions of detecting a new strain of the Corona virus. 

    Reuters reported that Brent crude futures fell $8.77, or 10.7 percent, to $73.45 a barrel. 

    West Texas Intermediate crude fell $9.12, or 11.6 percent, to $69.27 a barrel. 

    Oil fell with global stock markets on fears that the new strain of Corona "P1.1.529" could impose travel restrictions and undermine economic growth and fuel demand.