


| Oil drops below $48 on alarm over virus mutation and lockdown risks |
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Oil fell below $48 a barrel in Asian trading — after posting a seventh weekly gain — on concern a mutation of Covid-19 discovered in the UK could speed transmission of the virus and lead to more lockdowns. Futures in New York dropped 3% after closing at the highest in almost 10 months on Friday.
Posted: 2020-12-21 06:26:00
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