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Oil futures settle higher, with U.S. prices at their highest in nearly 2 weeks

·1 min read
Oil futures settle higher, with U.S. prices at their highest in nearly 2 weeks

Oil futures climbed on Tuesday, with U.S. prices settling at their highest in almost two weeks. "Traders view the omicron variant of COVID as a less virulent threat, and expect global economic growth to be only marginally impacted," said Marshall Steeves, energy markets analyst at IHS Markit. "Traders also anticipate a robust holiday season for driving in the U.S. and other OECD economies," he said. January West Texas Intermediate crude rose $2.56, or 3.7%, to settle at $72.05 a barrel on the Ne