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New York – Oil plunges after border with UK closes


Tuesday, December 22, 2020 ((rezonodwes.com)) – Oil prices slipped on Monday, weighed down by new travel restriction measures imposed at British borders due to a new variant of the coronavirus, limiting the prospects for economic recovery.

Prices continued to fall on Tuesday as investors feared the new variant of the coronavirus that has pushed part of the UK into re-containment could weigh on global demand. In New York, the US barrel of WTI for the month of February 2021, of which it is the first day of use as a benchmark contract, dropped 0.61% to 47.58 dollars.

In addition, in London, a barrel of Brent from the North Sea for delivery in February lost 0.49% in London compared to the close on Monday, at 50.55 dollars.

Note that the previous week, oil had reached its highest level since the start of the epidemic, at $ 52.48 for Brent and $ 49.28 for WTI.

source: price per barrel

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