investing.com 24 Dec, 2020 23:00 am

Oil’s 7-Week Hurrah Ends With New Covid Strain By Investing.com

Oil’s 7-Week Hurrah Ends With New Covid Strain

would like to remind you that the data contained in this website is not necessarily real-time nor accurate.or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website.com - Crude prices rose Thursday but were unable to extend their seven-week rally as a new strain of the coronavirus discovered in Britain and feared to be spreading brought an unceremonious end to oil’s longest winning streak since April 2019.travelers to prevent the spread of a new Covid-19 strain discovered in Britain.

Prior to that, oil prices had rallied seven weeks in a row on bets that people across the world might soon be able to travel freely as millions of doses of coronavirus vaccines were prepared for delivery after approval by relevant health authorities.health authorities said the new variant was 70% more transmissible.

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