Oil prices ease in holiday trade, market focus on next OPEC+ move | Reuters
Brent crude futuressnapped a three-day rally on Friday in light trade, with many investors away for the holidays, but the benchmark was still headed for a weekly gain, with the market focusing on the next step by OPEC+ and the impact of the Omicron variant.
Brent crude futures slid 39 cents, or 0.5%, to $76.46 a barrel by 0544 GMT, following a 2.1% gain in the previous session. The benchmark was still on track for a weekly gain of about 4%.
U.S. markets are closed on Friday for the Christmas holiday.
Oil prices have recovered this week as fears over the impact of the highly infectious Omicron variant on the global economy receded, with early data suggesting it causes a milder level of illness.
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