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Oil is falling as infections escalate in Omicron
- Time: 01/10/2022 08:21:46
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{Economic: Al Furat News} Oil prices fell further, today, Monday, as a result of the negative impact of the rapid rise in infections with the mutated Omicron strain of the Corona virus on economic activity, although the disruption of supplies in Kazakhstan and Libya limited this decline.
Brent crude fell 38 cents, or 0.46%, to $81.37 a barrel, while US West Texas Intermediate crude fell 34 cents, or 0.43%, to $78.56 a barrel.
Employment in the United States rose less than expected in December amid a shortage of workers, and the increase in employment could remain modest in the near term as the increase in COVID-19 infections disrupts economic activity.
According to a Reuters statistic, more than 304.87 million cases of coronavirus and five million and 834,506 deaths have been recorded worldwide.
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{Economic: Al Furat News} Oil prices fell further, today, Monday, as a result of the negative impact of the rapid rise in infections with the mutated Omicron strain of the Corona virus on economic activity, although the disruption of supplies in Kazakhstan and Libya limited this decline.
Brent crude fell 38 cents, or 0.46%, to $81.37 a barrel, while US West Texas Intermediate crude fell 34 cents, or 0.43%, to $78.56 a barrel.
Employment in the United States rose less than expected in December amid a shortage of workers, and the increase in employment could remain modest in the near term as the increase in COVID-19 infections disrupts economic activity.
According to a Reuters statistic, more than 304.87 million cases of coronavirus and five million and 834,506 deaths have been recorded worldwide.
[You must be registered and logged in to see this link.]
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