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Oil plunges as new coronavirus strain renews demand recovery fears

Updated : December 22, 2020 01:21 PM IST

Brent crude futures were down 88 cents, or 1.7 percent to $50.03 a barrel at 0730 GMT, while U.S. West Texas Intermediate (WTI) crude futures fell 92 cents, or 1.9 percent, to $47.05 a barrel.
Oil plunges as new coronavirus strain renews demand recovery fears

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