Oil eases near highs
Oil prices are easing again on Monday after the rally lost steam around the October highs late last week. Supply issues in Kazakhstan and Libya contributed to the latter stage of the rally, with the bulk since late December coming from more promising omicron data that indicates the economic impact of the new variant will be more subdued than feared.
While prices may be pulling back, aided perhaps by the broader shift in risk appetite in the markets, the fundamentals remain
10-01-2022 12:39 GMT
by Craig Erlam
