Oil slipped on renewed concerns over the economic recovery

International benchmarks for crude oil resumed falling on Thursday, 9 December 2021 following the default of Chinese property giant Evergrande, which investors fear of a domino effect on the economy. Meanwhile, more countries started to implement measures to curb the spread of Omicron.

Brent dropped $1.40, or 1.9% to close at $74.42/barrel.

WTI lose $1.42, or 2% to close at $70.94/barrel.