Investing.com investing.com 21 Dec, 2020 04:30 am

Oil prices fall amid worries over new coronavirus strain By Reuters

Oil prices fall amid worries over new coronavirus strain By Reuters
Oil prices fall amid worries over new coronavirus strain

FILE PHOTO: Crude oil storage tanks are seen in an aerial photograph at the Cushing oil hub By Yuka Obayashi TOKYO (Reuters) - Oil prices slid in early trade on Monday as a fast-spreading new coronavirus strain in the United Kingdom raised concerns that tighter restrictions there and in other European countries could stall a recovery in the global economy and its need for fuel.Monday's declines came after oil prices marked seven straight weeks of gains last week as investors focused on the rollout of COVID-19 vaccines.18, the highest since May, Baker Hughes said on Friday, as producers keep returning to the wellpad with crude prices trading above $45 a barrel since late November.energy diplomat expects minerals initiative to continue under Biden p By Timothy Gardner WASHINGTON (Reuters) - The Trump administration's top energy diplomat said on Friday he expects an initiative aimed at securing supply chains for metals.

The variant, which officials say is up to 70% more transmissible than the original, also prompted concerns about a wider spread, forcing several European countries to begin closing their doors to travellers from the United Kingdom.Oil Drops After Seventh Weekly Gain on Virus Mutation Concern p (Bloomberg) -- Oil fell in early Asian trading -- after posting a seventh weekly gain -- on concern a mutation of Covid-19 discovered in the U.

Read full story at investing.com