MarketsCommoditiesOilPrint articleVolatility hits oil markets as traders weigh up omicron threatAlex GluyasMarkets reporterDec 21, 2021 – 1.01pmSaveLog in or Subscribe to save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? LoginOil suffered its biggest decline of the month overnight as surging COVID-19 infections across Europe escalated concerns about the reintroduction of mobility restrictions, and Joe Biden’s economic plans were dealt a major blow.Brent crude oil dropped 4.8 per cent to $US69.97 a barrel, while West Texas Intermediate fell 5.8 per cent to $US66.77 a barrel. Futures in New York clawed back some of those losses on Tuesday morning.Loading...Alex Gluyas is a markets reporter based in our Melbourne newsroom. Connect with Alex on Twitter. Email Alex at alex.gluyas@afr.comSaveLog in or Subscribe to save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? LoginLicense articleIntroducing your NewsfeedFollow the topics, people and companies that matter to you.Find out moreRead MoreOilCommoditiesLatest In CommoditiesFetching latest articlesMost Viewed In MarketsThe Australian Financial Review MagazineSports stars keep shifting their watch brand allegiancesBani McSpeddenDark Emu beer with native grains at this destination breweryCrocs turn 23 years old. Time to grow up and get shoesBOSS Financial ReviewFour women who started businesses after the age of 45Sally PattenWhat happened when Domain learnt it spent $36m a year on meetingsThe country’s highest-paid directors revealedLife & LeisureA backyard beehive and an on-trend merino sweater to wear this winterEugenie KellyWill BMW’s Neue Klasse range be the game-changing EVs they promise?The Australian gallery that made art fun turns 20Rich ListProperty billionaire Nick Andrianakos dies in GreeceYolanda RedrupCannon-Brookes describes ‘deep internal conflict’ over his private jetOscar Piastri on the secret of his $41m-a year success
