(Bloomberg) Oil steadied as investors weighed a surge in omicron cases against signs that the new strain isn’t as severe as previous waves.
Brent was little changed after losing 0.9% in the previous session. West Texas Intermediate, which didn’t trade Friday due to a U.S. holiday, fell.
Brent oil fell as as trading volumes thinned moving into the holiday period, but was still heading for a weekly gain on signs that the omicron variant of the virus may be less severe than previous strains.