Investing.com 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 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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