Oil prices settle lower as U.S. reports its first case of the omicron variant of coronavirus

Oil prices settle lower as U.S. reports its first case of the omicron variant of coronavirus
·5 min read

Oil prices settle lower on Wednesday, erasing earlier gains, after the U.S. reported its first case of the omicron variant of coronavirus, which poses a risk of new lockdowns that may lead to lower energy demand. Traders also await this week's OPEC+ decision on crude production levels.

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