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Omicron Presses Oil Demand

Crude oil futures are closing lower on Friday (Dec. 17) as concerns about the spread of the Omicron coronavirus (COVID-19) continue to circulate in the market. WTI crude futures fell 2.1% to close at $70.86 a barrel. Brent crude futures fell 2% to close at $73.52 a barrel. Here, the IEA has issued a warning …

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