Tue, 30 Nov 2021 14:44:38 GMT
Oil reaches August levels
On Tuesday, the price for light crude oil reached below the $67.50 level, as the commodity price resumed its decline and touched August levels.
Previously, crude oil prices plummeted on Friday, as a new coronavirus variant, Omicron, was revealed. The new variant is expected to cause a major drop in demand for energy products due to possible emergency lock-downs.