Oil extended declines on concern over the rapid spread of the omicron virus variant and turmoil for President Joe Biden’s economic plans.
Brent crude fell more than 3% to trade near $71 a barrel in London, though the commodity recouped some of the day’s losses after Moderna Inc. said its Covid-19 vaccine vastly increases protection against the new strain.
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December 20, 2021 at 06:29AM
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Latest Oil Market News and Analysis for Dec 20 - Bloomberg
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