Kazakhstan vs. Omicron: Who Strikes Stronger?

News of the day, Monday, January 10:

While Omicron spread continues to affect global economy, protests in Kazakhstan cause noticeable shifts in markets. For instance, oil prices increased 5% after Kazakhstan logistics interrupted. At the same time, Libyan oil industry decreased production significantly (1.3 million bpd last year to 729,000 this year) causing the same increase of crude oil price.

General decrease of Asian stocks is likely to be connected to further Omicron variant spread. The more it spreads, the higher is volatility. South Korea’s KOSPI decreased by 0.99%, and Shanghai Composite fell 0,15%.

The price of Brent crude is 82.09$ per barrel, WTI — 79.28$, EUR/USD — 1.1335, gold is at 1,796.60$ per ounce.