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Oil Costs Recuperate Some Losses After Omicron Drove Demand Fears

Oil costs confirmed indicators of restoration after worries concerning the financial impact of the spreading Omicron variant of Covid-19 drove crude right into a bear market.

U.S. crude costs, which fell 0.4% Friday to $66.26 a barrel, completed the week above Thursday lows. Brent crude, the worldwide benchmark, rose 0.3% to $69.88 Friday.

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