Oil Plunges As New Coronavirus Strain Spooks Markets

22 Dec 2020
Source: OilPrice.com
Date: 21st December 2020


Oil prices plummeted early on Monday as a new strain of the coronavirus in the UK, found to be spreading faster among people, prompted tougher lockdowns in Britain and many European countries banning flights from the UK.

As of 8:41 a.m. ET on Monday, WTI Crude was plunging by 4.20 percent to $47.04, and Brent Crude was down by 4.17 percent on the day at $50.12, after briefly slipping to below $50 a barrel.

Read more here.

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