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Futures take the new badly

Futures take the new badly

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%

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