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.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Oil and gas , Brent , WTI

Next In Business News

EcoFirst appoints two new independent non-executive directors
Indonesia to ensure�c.bank independence, rupiah to rebound, finance minister says
Standard Chartered sees Malaysia’s 2026 GDP growth at 4.5%
Asian bonds draw strong foreign inflows in December
Malaysia’s auto market maintains momentum with 820,752 units sold in 2025
China to play 'stabilising' role in Davos
Ringgit to be range-bound at 4-4.20 on strong external position
84% of CEOs in Malaysia to expand beyond traditional industry boundaries- PwC survey
Bursa Malaysia remains lower at midday
CIMB Thai posts RM293mil net profit in FY25

Others Also Read