Oil firms, near highest since late November on risk appetite

SINGAPORE: U.S. oil NSE -0.64 % rose for a sixth consecutive session on Wednesday while Brent gained more ground with a broad-based rally in global markets supporting prices.

The benchmark Brent crude rose 23 cents, or 0.3%, at $79.17 a barrel by 0101 GMT. U.S. West Texas Intermediate (WTI) crude added 21 cents, or 0.3%, at $76.19 a barrel.

Both contracts are trading near their highest levels in a month, aided by strength in equities.

Asset classes from oil to equities have clawed back losses from late November, when the Omicron variant of COVID-19 sent investors scurrying for safety.