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Omicron Doom And Gloom May Not Be Justified

December 5, 2021 by

After six months of impressive gains, oil prices have suddenly shifted into reverse as a fresh wave of Covid-19 threatens to end the bull party prematurely. On Thursday, both WTI and Brent crude continued their slide, collapsing below $70 for the first time since September as the weeks-old Omicron coronavirus strain sparks fears over the potential effects on travel and oil demand as well as the global economic recovery. 

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