New York-Sana
Oil prices fell and posted a weekly loss as the increase in cases of the mutated Omicron strain of the Corona virus raised fears of new restrictions that harm the demand for fuel.
According to Reuters, Brent crude futures ended the session down $1.50, or two percent, to $73.52 a barrel, while US West Texas Intermediate crude fell $1.52, or 2.1 percent, to $70.86 a barrel.
Brent fell 2.6 percent on a weekly basis, while WTI fell 1.3 percent.
