Oil rises on views OPEC+ may pause supply addition amid Omicron fears

TOKYO: Oil NSE 1.45 % prices rose on Thursday, reversing the previous day’s losses, on expectations OPEC+ may pause supply additions amid growing concern the spread of the Omicron coronavirus variant could weigh on the global economy and fuel demand.

U.S. West Texas Intermediate (WTI) crude futures gained 48 cents, or 0.7%, to $66.05 a barrel by 0140 GMT, after a 0.9% drop on Wednesday.

Brent crude futures were up 48 cents, or 0.7%, at $69.35, having eased 0.5% in the previous session.