Oil steady as supply disruptions offset Omicron fears | Reuters
Oil prices were largely steady on Monday as supply disruptions in Kazakhstan and Libya offset worries stemming from the rapid global rise in Omicron infections.
Brent crude fell 13 cents, or 0.2%, to $81.62 a barrel at 1136 GMT, and U.S. West Texas Intermediate (WTI) crude was down 17 cents, or 0.2%, at $78.73 a barrel.
Both contracts had risen around 50 cents earlier in the session.
Oil prices gained 5% last week after protests in Kazakhstan disrupted train lines and hit production at the country's top oilfield Tengiz, while pipeline maintenance in Libya pushed production down to 729,000 barrels per day from a high of 1.3 million bpd last year. read more
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