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Black Friday for Oil

Yanoom by Yanoom
November 26, 2021
in Business
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Black Friday for Oil
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(AOF) – The price of a barrel of US light crude WTI recorded Friday night a drop of nearly 8% to 72.2 dollars. Black gold fell to its lowest level for two months, affected, like other risk assets, by the emergence of the new variant. Investors are worried about the effect of possible new health restrictions on oil demand in a market otherwise threatened, OPEC says, with excess supply.

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