Omicron; Crude prices fall: biggest fall since April Omicron | Covid 19 | Manorama News | Kerala News | Breaking News | Malayalam News | Breaking News

by time news

Crude oil prices fell sharply in international markets following the reporting of the Kovid Omikron variant. Brent crude fell $ 10 a barrel to $ 72 a barrel. The fall in crude oil prices is due to concerns that global oil consumption will decline following the discovery of a new Covid variant. This is the biggest drop in prices in a single day since April last year. Many countries have announced travel bans and the possibility of a lockdown is hurting oil. U.S. stock markets also fell sharply due to concerns about the new variant.

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