Nightmare November For Oil As Prices Plunge Again

After a brief respite on Monday, oil prices plunged again early on Tuesday as the market continues to fret about the potential impact of the new COVID variant Omicron on economies and oil demand. Oil prices are set for a 20-percent slide for the month of November, the worst monthly drop in crude benchmarks since March 2020 at the start of the pandemic.   As of 10:25 a.m. EST on the last day of November, WTI Crude prices were down by 3.02% at $67.87, and Brent Crude had dipped 3.24% to $71.06. Oil prices had recovered on Monday a small part…