Business
Oil price plunges to $73 a barrel amid Omicron uncertainties
The price of crude oil dipped yesterday amid surging cases of Omicron coronavirus variant, raising concerns that new restrictions may affect fuel demand.
Brent crude futures plunged by 1.61 percent to $73.41 per barrel at 4:09 pm, while U.S. West Texas Intermediate (WTI) crude futures dipped by 1.58 percent to $70.80 a barrel.
The Organisation of the Petroleum Exporting Countries, Russia, and allies, known as OPEC+, had said there could be a meeting ahead of its scheduled January meeting.
The oil cartel had noted that this meeting would be held if changes in the demand outlook needed it to review its proposed plans to increase supply by 400,000 barrels per day in January.
Bodex F. Hungbo, SPMIIM is a multiple award-winning Nigerian Digital Media Practitioner, Digital Strategist, PR consultant, Brand and Event Expert, Tv Presenter, Tier-A Blogger/Influencer, and a top cobbler in Nigeria.
She has widespread experiences across different professions and skills, which includes experiences in; Marketing, Media, Broadcasting, Brand and Event Management, Administration and Management with prior stints at MTN, NAPIMS-NNPC, GLOBAL FLEET OIL AND GAS, LTV, Silverbird and a host of others
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