Oil gains as investors see limited Omicron impact on demand


TOKYO: Oil prices extended their rally on Monday as investor appetite improved amid growing relief the Omicron coronavirus variant may not cause severe illness and will likely have a limited impact on global fuel demand.

Brent futures climbed 72 cents, or 1.0%, to $75.87 a barrel by 0744 GMT, after rising 1% on Friday.

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Oil and gas , Brent , WTI

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