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Reading: Oil Prices Recover Some Losses After Omicron Drove Demand Fears
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The Wall Street Publication > Blog > Markets > Oil Prices Recover Some Losses After Omicron Drove Demand Fears
Markets

Oil Prices Recover Some Losses After Omicron Drove Demand Fears

Editorial Board Published December 3, 2021
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Oil Prices Recover Some Losses After Omicron Drove Demand Fears
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Oil prices showed signs of recovery after worries about the economic effect of the spreading Omicron variant of Covid-19 drove crude into a bear market.

U.S. crude prices, which fell 0.4% Friday to $66.26 a barrel, finished the week above Thursday lows. Brent crude, the global benchmark, rose 0.3% to $69.88 Friday.

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