The reasons for this drop are varied, but speculators say it is likely due to the possibility for China to close its borders amid rising numbers of Covid-19 cases.

  • US Crude Oil Benchmark falls below 80 a barrel: WTI
    US Crude Oil Benchmark falls below 80 a barrel: WTI

The world’s most liquid oil contract, WTI crude futures, which is also the US benchmark because it accounts for the largest share of total US production, fell below $80 on Friday.

This is the first time since September 30 that the price has fallen below $80.

In that past…



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