1214 days ago • Posted by William Ramstein
Oil futures burn upon second virus strain news
Oil plunges below $50. Second strain threatens more lockdowns across Europe. At one stage Brent futures slumped 6%. 16 million Brits received stay at home orders with some freight movements from France to the UK halted completely. OPEC considers adding 500,000 barrels a day of production on the market starting January 4th. Source: Yahoo Finance