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 previously recommended working from home if possible. Boris Johnson and his cabinet are scheduled to meet on Monday to discuss these tougher measures. While the U.S. is unlikely to institute new lockdowns, New York City is considering nixing its New Year’s party in Times Square. Omicron, already present in 89 separate countries, is prompting other countries to […]