Oil down on Omicron restrictions and China fears


SINGAPORE, Dec 9 (Reuters): Oil prices fell on Thursday after measures by some governments to slow the spread of the Omicron coronavirus variant and a ratings downgrade for two Chinese property developers that stoked fears over the economic health of the world's biggest oil importer.

Brent crude futures fell US$1, or 1.3%, to US$74.82 a barrel by 1310 GMT after touching a peak of US$76.70. U.S. West Texas Intermediate (WTI) crude futures fell 92 cents, or 1.3%, to US$71.44 after a session high of US$73.34.

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Oil , Prices , Down , Little Lower , Omicron

   

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