investing.com 22 Dec, 2020 08:45 am

Oil Slides With New Virus Strain Threatening Global Movements By Bloomberg

Oil Slides With New Virus Strain Threatening Global Movements

, New York Governor Andrew Cuomo said he believes the new strain is already circulating in New York.” Crude in New York has rallied more than 30% since early November in part due to a series of vaccine breakthroughs, but signs of additional stay-at-home measures has led to not only a decline in headline prices, but also a weakening forward curve.Oil's rally, fueled by vaccine progress, is running out of steam p By Devika Krishna Kumar and Stephanie Kelly NEW YORK (Reuters) - The oil market has rallied almost 40% in the last two months, pushing benchmarks to nine-month highs, in a.Photographer: Jason Alden/Bloomberg (Bloomberg) -- Crude cratered the most in six weeks as a new strain of the coronavirus in the U.

Oil plunges as new coronavirus strain renews demand recovery fears p By Sonali Paul and Koustav Samanta MELBOURNE/SINGAPORE (Reuters) -Oil prices dropped nearly 2% on Tuesday, adding to steep losses from the previous session, as a new strain of the., sits in the Port of Cromarty Firth in Cromarty, U.

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