Oil Up as Investors Bargain-Search, But Omicron Caution Remains By Investing.com – Investing.com
- Date: 29-Nov-2021
- Source: Investing.com
- Sector:Financial Markets
- Country:Gulf
Oil Up as Investors Bargain-Search, But Omicron Caution Remains By Investing.com – Investing.com
By Gina Lee
Investing.com – Oil was up Monday morning in Asia, clawing back some of Friday’s losses. over the discovery of the new omicron COVID-19 variant and the re-start of the Iran nuclear deal negotiation.
rose 4.62% to $74.90 by 10:23 PM ET (3:23 AM GMT) and jumped 5.24% to $71.72. The black liquid fell by more than 10% on Friday, its largest one-day drop since April 2020, due to concerns about the new variant and a potentially big supply surplus in the first quarter of 2022.
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