Oil Prices Crash On Renewed Omicron Panic

Crude oil prices took a dive on Monday morning with WTI crashing 6% on the day as fresh Omicron fears spooked the market.  At 11:32 a.m. EDT, WTI crude was trading at $66.44, down $4.42 (-6.24%) on the day, with Brent crude trading at $69.69, down $3.83 (5.21%) per barrel as traders fear the demand destruction that could result from fresh lockdown measures taken to curb the spread of the new Omicron variant of the coronavirus.  The United Kingdom said it would not rule out coronavirus restrictions before Christmas after the government…