Oil prices dip two per cent as Omicron variant renews concerns of supply glut January 2, 2022 Oil prices have fallen amid rising fears of reduced demand and a supply glut next year following record Covid-19 cases reported in major economies.
Oil prices show signs of recovery after encouraging reports on Omicron variant December 23, 2021 Oil prices remain stable following multiple reports from the UK confirming the Omicron variant is milder than previous variants.
US inventories prop up oil prices amid Omicron uncertainty December 22, 2021 Oil prices have stabilised following five per cent drops on Monday, after US crude inventories revealed larger-than-expected declines.
Oil prices slide amid surplus fears as Omicron hits demand December 19, 2021 Oil prices have dropped again as fears over the Omicron variant and its effect on demand spread across the market.
Oil market set for weekly loss as Omicron fears dent demand December 17, 2021 Oil prices dipped again on Friday as fears over the effects of the Omicron variant on air travel demand spread across the market.
Oil prices drop amid concerns of reduced travel demand as Omicron spreads worldwide December 15, 2021 Oil prices are still falling after IEA's gloomy update this week, forecasting reduced air travel demand as Omicron spreads around the world.
Oil prices enjoy healthy gains amid easing concerns over Omicron variant December 10, 2021 Oil prices continue to recover from last month’s steep dive with markets increasingly less fearful of the emerging Omicron variant.
Oil prices steady despite looming pandemic restrictions December 8, 2021 Oil prices remain steady despite reports of key markets potentially introducing more pandemic restrictions ahead of Christmas.
Oil sorted? Prices show partial signs of recovery amid reports of mild Omicron variant December 6, 2021 Oil partially recovered on Monday, climbing towards $72 a barrel with reports of Omicron being milder than first feared.
OPEC+ maintains output rises despite fears of reduced oil demand December 2, 2021 OPEC and its allies including Russia (OPEC+) are sticking to monthly oil output increases, despite fears of reduced demand following the new Omicron variant.