Brent nears $80 as market shrugs off Omicron | Kitco News

LONDON, Dec 28 – Oil prices extended gains on Tuesday, with Brent crude trading near $80 a barrel despite the rapid spread of the Omicron coronavirus variant, supported by supply outages and expectations that U.S.

Brent crude rose by 55 cents, or 0.7%, to $79.15 a barrel by 1410 GMT, after hitting a session high of $79.85.

Investors are awaiting an OPEC+ meeting on Jan.

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