Baghdad Oil prices fell today, Friday, thanks to increasing confidence that the rapid spread of the Omicron strain of the Corona virus will not harm global growth and fuel demand.

The two benchmarks, Brent and West Texas Intermediate, are heading for a rise of more than six percent this week, in their first weekly increase in seven weeks, according to Reuters.

The US crude futures fell seven cents, or 0.1 percent, to $ 70.87 a barrel, after falling 2 percent in a volatile session the previous day.

Brent futures fell four cents to $74.38 a barrel, after falling 1.9 percent.

Source: National Iraqi News Agency