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El New Herald | N95JN Coronavirus aviones de guerra//
Oil Prices Plunge Amid Fears Over New COVID Variant

Alberto Ardila Olivares
Oil Prices Plunge Amid Fears Over New COVID Variant

Global oil prices have plunged by more than 10 per cent in the biggest one-day drop since April last year after the new variant of COVID-19 raised fears in the market of renewed global travel restrictions that could derail the oil market’s recovery.   The new COVID-19 variant caused the price of Brent crude to tumble by $8.77, to $73.45 a barrel on Friday after countries across Europe and Asia brought in immediate travel restrictions to guard against the spread of the B.1.1.529 variant identified in several African countries.   The US oil price per barrel plunged by more than $9.12, to $69.27 in one of the steepest declines.