Oil prices plunged more than 5 percent in early trading on Nov. 26, hitting a two-month low as the emergence of a new COVID-19 variant spooked investors, driving down risk assets like stocks and pushing up havens like gold and bonds.
Brent crude, the global benchmark, fell 5.8 percent to $77.49 a barrel by 6:43 am New York time, while U.S. West Texas Intermediate (WTI) crude was down around 6.0 percent, at $73.33 a barrel.
