Oil edge lower as investors try to assess Omicron’s full impact By Reuters – Investing.com
- Date: 08-Dec-2021
- Source: Investing.com
- Sector:Financial Markets
- Country:Gulf
Oil edge lower as investors try to assess Omicron’s full impact By Reuters – Investing.com
By Yuka Obayashi
TOKYO (Reuters) - Oil prices edged lower on Wednesday, reversing gains from earlier the week, as investors tried to assess the full impact of the Omicron coronavirus variant on global fuel demand and the effectiveness of existing vaccines.
futures dropped 25 cents, or 0.3%, to $75.19 a barrel at 0129 GMT, after settling 3.2% higher on Tuesday. U.S. West Texas Intermediate crude was at $71.86 a barrel, down 19 cents, or 0.3%, having gained 3.7% in the previous session.
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