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COVID-19 - News digest as of 26.11.2021

November 26/2021

1. Crude oil futures drop in Asia on reports of new COVID-19 variant from South Africa

MOSCOW (MRC) -- Crude oil futures plunged in mid-morning trade in Asia Nov. 26 as investors were spooked by reports of a new COVID-19 variant from South Africa that appeared to evade immune responses, sparking a sharp sell-off in the broader financial markets, reported S&P Global. At 10:05 am Singapore time (0205 GMT), the ICE January Brent futures contract was down USD1.13/b (1.37%) from the previous close at $81.09/b, while the NYMEX January light sweet crude contract was USD1.52/b (1.94%) lower at USD76.87/b. "South Africa made headlines yesterday with reports about a new coronavirus variant, resulting in UK authorities banning flights and instituting quarantine measures for travelers from selected African countries," OCBC Research analysts said in a note.
Author:Margaret Volkova
Tags:Asia, Europe, crude and gaz condensate, medicine, petrochemistry, COVID-19, USA, South Africa.
Category:General News
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