SINGAPORE, Dec 1 (Reuters): Oil prices rose more than 3% on Wednesday, recouping a big chunk of the previous session's steep losses, as major producers prepared to discuss how to respond to the threat of a hit to fuel demand from the Omicron variant of the coronavirus.
Brent crude futures rose $2.46, or 3.6%, to US$71.69 a barrel at 0742 GMT, after rising to as high as US$71.95 earlier in the day. The benchmark had slumped 3.9% on Tuesday.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
