The Energy Report: Omicron Away – Investing.com

The Energy Report: Omicron Away – Investing.com

Momma don’t take my Omicron away!

prices are trying another comeback as Saudi Arabia showed enough confidence to raise their selling price for oil and reports that the Omicron variant bark is worse than its bite.

The Wall Street Journal reported that, “U.S. chief medical advisor Anthony Fauci said that there didn’t appear to be a 'great deal of severity' to Omicron. US regulators said Sunday that the Food and Drug Administration planned to streamline authorization for revamped vaccines. Also, there are no reported deaths caused as a direct result of the variant, so the odds of major lockdowns have gone down. So the rumors of massive oil demand destruction have been greatly exaggerated.