Tuesday, December 14, 2021 14:26:39 UTC

Oil prices dropped today as the International Energy Agency confirms the global oil market has returned to surplus with the omicron variant reducing international travel.

Brent crude futures dropped 1.2% to about $73 a barrel as the International Energy Agency (IEA) said that "rebounding supplies from numerous producers are creating a new oversupply, which is likely to swell further early next year."(More)

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