The head of “Moderna” pharmaceutical company told the “Financial Times” that it is unlikely that “Covid-19” vaccines will be effective against “Omicron” to the same degree as it is effective against the previous mutant “Delta”.
Brent crude futures fell $2.32, or 3.2 percent, to $71.12 a barrel, its lowest since September 1.
The price of West Texas Intermediate crude futures fell $2.15, or 3.1 percent, to $67.80 a barrel, its lowest since August 26.
The oil price plunged about 12 percent on Friday, with other markets falling amid fears that the spread of the new mutation could trigger a new closing wave and limit global growth, which would hurt oil demand. (Reuters)