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Oil prices fell more than ten percent

2021-11-26T17:47:15.295Z

Singapore, SANA- Oil prices plunged more than ten percent, recording the largest one-day decline since April of this year



Singapore-Sana

Oil prices tumbled more than 10%, recording the largest drop in a single day 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.

And 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.

Source: sena

All business articles on 2021-11-26

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