The new COVID-19 variant has plagued financial markets on Friday causing mayhem with broad-based losses throughout most asset classes. Safe-havens were the only winners during midday trading and will likely remain until market close. Brent crude was roughly 6% down on the day (at the time of writing) due to contagion concerns around economic growth should the virus become a systemic risk. Demand forecasts may be revised lower should the new strain increase fourth wave complexities and further downward pressure on crude oil prices. Learn more about Crude Oil Trading Strategies and Tips in our newly revamped ... (full story)