Crude prices fell this Wednesday morning for the third day in a row on growing signs that supply growth will outpace demand next year, while World Health Organization indicated that vaccines against Covid-19 could be less effective against Ómicron.

Crude futures Brent they were down $ 1.01, or 1.37%, to $ 72.69 a barrel, after falling 69 cents on Tuesday.

Crude futures West Texas Intermediate in the United States (WTI) they fell 1.12 dollars, or 1.57%, to 69.62 dollars, after delivering 56 cents the day before.

The WHO said Wednesday that preliminary evidence indicates that vaccines may be less effective against infection and transmission related to Omicron variant coronavirus, which also carries an increased risk of reinfection.

The International Energy Agency (IEA) said Tuesday that a increase in Covid-19 cases with the appearance of Omicron It will affect global oil demand, at the same time that crude production will increase, especially in the United States, as supply is expected to exceed demand at least until the end of next year.

By cons, the Organization of Petroleum Exporting Countries (OPEC) on Monday raised its forecast for world oil demand for the first quarter of 2022.



Reference-www.eleconomista.com.mx

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