The price of Brent oil has fallen to a more than five-month low late Friday afternoon over fears that a new variant of the coronavirus discovered in South Africa will continue to spread.
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Then countries could close again, restrict traffic, which could lead to a drastic drop in demand for oil just as it did during the first wave of the epidemic. Shortly before 6pm, the price of North Sea Brent oil fell $ 9.14 (11.15 percent) to $ 73.08, the lowest level since June 12th. The price of WTI, the dominant light oil in the Western Hemisphere, fell $ 9.95 (12.69 percent) to $ 68.44. The possibility of further tightening of travel restrictions between countries has taken airline shares to the floor. For example, Lufthansa weakened by 12.4 percent, IAG, the parent company of British Airways, and Spanish Iberia by 14.4 percent, Air France-KLM by 8.9 percent and easyJet by 10.9 percent. telegraph office.
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