Oil falls 3% on jitters over vaccine efficacy


SINGAPORE, Nov 30 (Reuters): Oil prices tumbled more than 3% on Tuesday after Moderna's CEO cast doubt on the efficacy of Covid-19 vaccines against the Omicron coronavirus variant, spooking financial markets and adding to worries about oil demand.

The head of drugmaker Moderna told the Financial Times that Covid-19 vaccines are unlikely to be as effective against the Omicron variant of the coronavirus as they have been against the Delta variant.

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OIl , Prices , Plunging , Covid-19 , New Worries

   

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