Tue, 21-Oct-2025

Oil steadies as investors assess Omicron’s impact

Omicron

NEW YORK: Oil prices edged lower in choppy trade on Wednesday, taking a breather after gains earlier this week, as investors assessed the impact of the Omicron coronavirus variant on the global economy, Reuters reported. The market had a muted reaction to US weekly inventory figures, which showed a smaller-than-anticipated decline in crude stocks and another bump … Read more

EasyJet warns ‘too soon’ to assess omicron impact, cuts losses

omicron

LONDON: British airline EasyJet warned on Tuesday that it was “too soon” to assess the impact of the Omicron coronavirus variant on the aviation sector, after logging narrowing annual losses as skies reopened. The emergence last week of Omicron, a new concerning Covid variant first detected in southern Africa, has prompted some nations including Britain … Read more