Renewed restrictions imposed in Europe and Asia amid a rise in coronavirus cases have ratted investors
An oil tanker is loaded in Saudi Arabia. Picture: REUTERS
“Energy traders don’t want to bet against Opec+ but all the short-term risks from Omicron to Fed tightening is proving to be very disruptive to the short-term outlook for oil prices,” said Edward Moya, senior analyst at Oanda. At least one person has died in Britain after contracting the Omicron coronavirus variant, the first publicly confirmed death globally from the swiftly spreading strain.
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