UK, Germany and Italy detect Omicron variant cases, Israel closes borders
- A plunge in crude-oil futures sparked by the discovery of a new COVID variant raises the probability #OPEC+ will pause production increases next week
- Britain, Germany and Italy detected cases of the new #Omicron coronavirus variant and British Prime Minister Boris Johnson announced new steps to contain the virus
- News of a coronavirus variant potentially resistant to current vaccines sent investors dashing for the safety of the Japanese yen and the Swiss franc
- #USDJPY dove 1.7%
- #WTIUSD dove 11.8%
