Oil climbs on weaker dollar, China, amid Omicron caution By Reuters – Investing.com
- Date: 22-Dec-2021
- Source: Investing.com
- Sector:Financial Markets
- Country:Gulf
Oil climbs on weaker dollar, China, amid Omicron caution By Reuters – Investing.com
By Sonali Paul
MELBOURNE (Reuters) - Oil prices rose again on Wednesday as the dollar slipped, with risk appetite returning as some governments resist imposing lockdowns to curb the spread of the Omicron COVID-19 variant and as China said it would be able to sustain economic growth.
U.S. West Texas Intermediate (WTI) crude futures rose 50 cents, or 0.7%, to $71.62 a barrel at 0235 GMT after jumping 3.7% on Tuesday.
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