Oil prices climb but worries over Omicron linger By Reuters – Investing.com

Oil prices climb but worries over Omicron linger By Reuters – Investing.com

By Jessica Jaganathan

SINGAPORE (Reuters) -Oil prices rose on Tuesday, though investors remained worried about the rapid spread of the Omicron coronavirus variant globally, prompting countries to consider more restrictions potentially denting fuel demand.

futures increased by 59 cents, or 0.8%, to $72.11 a barrel by 0418 GMT, while U.S. West Texas Intermediate (WTI) crude futures rose by 73 cents, or 1.1%, to $69.34 a barrel.