Omicron sustains downward pressure on oil prices

THE oil price continues to hover in the low $70 per barrel for Brent crude, and the high $60/bbl for West Texas Intermediate, as the Omicron variant continues to sustain downward pressure on the commodities.

Omicron sustains downward pressure on oil prices Omicron sustains downward pressure on oil prices Omicron sustains downward pressure on oil prices Omicron sustains downward pressure on oil prices Omicron sustains downward pressure on oil prices

File photo: American currency

Prices have edged higher overnight by small degrees, however, in neither benchmark has the price risen back over US$80/bbl since November 26, nearly a month ago.