Oil prices rise as Omicron concerns decline

Crude prices increased 1.28%-1.34%

As of December 13, 07:45 (UTC+3), Brent Crude futures for February settlement were trading 1.34% higher at $ 76,15 a barrel on the London-based ICE Futures Europe Exchange.

Light Sweet Crude (WTI) futures for January delivery on the New York Mercantile Exchange rose 1.28% to close at $ 72,59 a barrel.

Oil prices are rising as concerns about the Omicron variant recede.