Business

World oil prices plummet as new corona emerges

The price of oil in the world market has come down after the introduction of a new type of corona virus called ‘Omi Kroon’.

News of Corona’s new variant has also frightened investors globally, and global crude oil prices are at their lowest level since April 2020. According to Reuters, Brent crude fell ڈالر 8.62 a barrel. US crude fell ڈالر 9.36 to 69 69.03 a barrel.

It has also had an impact on stock markets around the world, with stock markets in the United States, France, Germany and the United Kingdom declining.

It is to be noted that after the emergence of a new type of Corona, various countries of the world have announced to suspend flight operations from African countries.

The United Arab Emirates (UAE) has also banned flights from African countries, including South Africa, Zimbabwe, Mozambique and Namibia.

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