West Texas crude ended Friday (Nov 26) down $10.24, or 13 percent, as investors worried about the economic impact. After the Covid-19 virus was reported New species in South Africa
West Texas crude ended Friday (Nov 26) down $10.24, or 13 percent, as investors worried about the economic impact. After the Covid-19 virus was reported New species in South Africa
West Texas Crude Oil Contract Delivered in Jan. It fell $10.24, or 13%, to close at $68.15 a barrel. Brent crude futures were down $8.77, or 10.7 percent, at $73.45 a barrel.
West Texas oil prices continued to plummet. After the Covid-19 virus was reported A new strain in South Africa called B.1.1.529 is a virus that can evade immunity.
Investors are worried that if the new virus spreads widely, it could cause many countries to announce a new round of lockdowns. This will affect the economy and oil demand.
Recently, the British government has temporarily suspended flights from six African countries: Namibia, Lesotho, Zimbabwe, Botswana, Eswatini and South Africa.
The British Health Minister Sajid Jawid said: Starting at noon on Friday, November 26, all six of these countries will be included on the Red List and flights from these six countries will not be permitted. Temporary travel to England
The Israeli government has announced the suspension of flights from seven African countries: Namibia, Lesotho, Zimbabwe, Botswana, Eswatini, Mozambique and South Africa. The Israeli Prime Minister’s Office said in a statement that Foreigners arriving from these 7 countries cannot enter Israel. As for Israeli citizens returning from these countries They must self-isolate for 7 days, even if they have received the full dose of the vaccine.
The World Health Organization (WHO) is set to hold a special meeting today (26 November) to discuss the COVID-19 virus. New species found in South Africa The Guardian newspaper reported that
The new virus has now been detected in Botswana, South Africa and Hong Kong.
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