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WTI crude oil drops exceed 5% on Nov 30 due to new Covid variant, Omicron

1 Dec 2021 15:19 reported by Jordan Huang

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According to the crude oil market on November 30th, many of the investors worried about the new variant of Covid-19, Omicron, to once again crash the global economy, which further pressured the market price.

Among them, the crude oil futures price on the West Texas Intermediate for next January was US$66.18/barrel, decreased by approximately 5.4% from the previous trading day; the crude oil price on the Brent Crude also faced a significant decrease, by nearly 4% in a trading day, came to US$70.57/barrel.

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