MARKETS

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.

Jonathon Davidson

File photo: American currency

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. US president Joe Biden's planned strategic...

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