Friday, January 31, 2025
Oil drops as new coronavirus strain revives demand fears- oil and gas 360

Oil drops as new coronavirus strain revives demand fears

Reuters LONDON -Oil dropped towards $50 a barrel on Tuesday, adding to losses from the previous session, as a mutant variant of the coronavirus in Britain revived concerns over demand recovery. Detection of the new variant prompted several countries to close their borders to Britain. The BBC cited France’s Europe Minister as saying that the two countries would announce a