Oil stays on the rebound as Omicron fears ease
Oil prices extended gains on Thursday on confidence that the Omicron coronavirus variant would not dent global growth, even as some governments stepped up curbs to stop its rapid spread.
US West Texas Intermediate (WTI) crude futures rose 28 cents, or 0.4 per cent, to $72.64 a barrel at 0201 GMT, adding to a 0.4 per cent gain in the previous session.
Brent crude futures rose 22 cents, or 0.3 per cent, to $76.04 a barrel, adding to a 0.5 per cent gain on Wednesday.
Markets were buoyed by comments from BioNTech and Pfizer that a three-shot course of their Covid-19 vaccine may protect against infection from the Omicron variant.
