Open Demo Account
Home / Market Update / Commodities / Oil prices fall due to the spread of Omicron

Oil prices fall due to the spread of Omicron

Adel 20 December, 2021 10:24 am Commodities, Market Update

Oil prices fell more than 2% on Monday, as rising omicron infections from the coronavirus in Europe and the United States fueled investor fears that new business restrictions to combat its spread could slash fuel demand.

Brent crude futures fell $1.92, or 2.6 percent, to $71.60 a barrel by 0436 GMT, while US West Texas Intermediate crude fell $2.09, or 3 percent, to $68.77 a barrel.

Tags

Check Also

U.S. Bond Yields Rise After Fed Officials Warn Against Rapid Rate Cuts

U.S. Treasury yields climbed on Friday following cautionary remarks from Chicago Federal Reserve President Austan …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends