Oil prices steady as Omicron caution lingers amid renewed curbs – Reuters

Oil prices steady as Omicron caution lingers amid renewed curbs – Reuters

MELBOURNE, Dec 22 (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.

Brent crude futures rose 44 cents, or 0.6%, to $74.42 a barrel after gaining 3.4% on Tuesday.