Oil prices today rose around three percent as concerns about the impact of the Omicron coronavirus variant on global fuel demand eased while Iran nuclear talks stalled, delaying the return of Iranian crude. The crude prices logged appreciation of five percent this week, so far.
In intra-day trade, Brent crude was trading around 75 dollars and 10 cents per barrel while WTI crude prices were at 71 dollars and 80 per barrel.