Singapore-Sana
Oil prices rose today, after increasing five percent in the previous session, as concerns about the new mutated Omicron strain of the Corona virus eased on global fuel demand.
Reuters news agency reported that Brent crude futures rose 60 cents, or 0.8 percent, to $73.68 a barrel. And US West Texas Intermediate crude futures rose 74 cents, or 1.1 percent, to $70.23 a barrel, after rising 4.9 in the previous session.
It is noteworthy that oil prices fell last week amid fears that the available vaccines would be less effective in resisting the new mutant Omicron, which raised fears that governments would resort to re-imposing restrictions to limit its spread, which could harm global growth and demand for oil.
And a South African health official had reported over the weekend that the Omicron cases there were moderate, and Anthony Fauci, the top official in charge of infectious diseases in the United States, said: “There does not seem to be a significant degree of severity in symptoms yet.”
Follow Sana's news on Telegram https://t.me/SyrianArabNewsAgency
