Three Bearish Factors Facing Oil Markets In 2022

Just when the world started to embrace some normalcy in terms of the global economy and social mobility, a new variant from South Africa, technically called B.1.1.529 and named Omicron, has emerged as policy-makers, politicians, and investors brace themselves for yet another wave of Coronavirus-related restrictions. The UK has already put a ban on people traveling from certain African countries, so has the U.S. others are following suit. The new strain rocked the oil markets as the Brent benchmark lost 10.7 percent in a single day when the news…