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Price of oil drops significantly

Price of oil drops significantly
Price of oil drops significantly

The global oil price on the world market has fallen significantly.

Brent January futures fell by 2.04%, $ 80.54 a barrel.

Meanwhile, WTI January futures fell by 2.63%, $ 76.33 a barrel.

The drop in oil prices is mainly due to the emergence of a new strain of coronavirus. Oil traders fear that more countries may tighten quarantine restrictions.

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