Concerns over Omicron, fate of Biden spending plan drive oil lower

WTI prices down more than 6%, Brent off upwards of 5% in US afternoon trading

Sell-off: renewed Covid-19 concerns were the driving factor in sharply lower prices for West Texas Intermediate and Brent crude Monday — Sell-off: renewed Covid-19 concerns were the driving factor in sharply lower prices for West Texas Intermediate and Brent crude MondayPhoto: AFP

Mark Passwaters

Houston

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Published 20 December 2021, 16:54Updated 20 December 2021, 16:54