26 Nov 2021, 16:21

US oil price sinks as markets fret over Covid variant

   LONDON, Nov 26, 2021 (BSS/AFP) - US benchmark oil contract WTI slumped more than five percent in trading Friday as markets were slammed by worries over a new variant of Covid-19.

   WTI tumbled 5.3 percent at $74.24 per barrel, while European benchmark Brent North Sea crude retreated 4.5 percent to $78.52.

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