Oil drops as China developer downgrades add to fears over Omicron hit

December 10, 2021 8:24 AM

BENGALURU (REUTERS) – Oil prices settled lower on Thursday (Dec 9) on fears about the economic outlook in the world’s biggest oil importer following ratings downgrades to two Chinese property developers, and after some governments took measures to fight the Omicron variant of the coronavirus.

Source : http://www.straitstimes.com/business/companies-markets/oil-drops-as-china-developer-downgrades-add-to-fears-over-omicron-hit