Oil steadied after a two-day rally as an industry report pointed to the biggest gain in stockpiles at a key US storage hub since February.
Crude has surged more than 8% over the past two sessions — rising along with other financial assets — on cautious optimism that the Omicron virus variant is unlikely to derail the global economic recovery. There have been few deaths from the new strain so far and little sign of a major effect on oil demand.
China continues to tackle sporadic outbreaks, with one eastern city locking down on a district to curb the spread. Omicron has led to some restrictions on air travel, and researchers in SA said the strain’s ability to evade vaccine and infection-induced immunity is “robust but not complete”. They added that booster shots would likely reduce chances of infection.
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Oil steadies after data shows big increase in US stocksAn industry report has pointed to the biggest gain in stockpiles at a key US storage hub since February I'm bless the day i invested in your platform because since then i have achieved greatness LindaStouffes
Source: BDliveSA - 🏆 12. / 63 Read more »
Indonesia court rejects palm oil companies’ bid for permitsCompanies lose their court bid for plantation pernits to be reinstated
Source: BDliveSA - 🏆 12. / 63 Read more »
Source: News24 - 🏆 4. / 80 Read more »