Oil rally hits Omicron demand roadblock


Oil analysts have lowered their price forecasts for 2022 as the Omicron coronavirus variant poses headwinds to recovering fuel demand and risks a supply glut as producers pump more oil, a Reuters poll showed yesterday.
A survey of 35 economists and analysts forecast Brent crude would average $73.57 a barrel in 2022, about 2 per cent lower than $75.33 consensus in November.


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