Oil rose by more than $1 a barrel to above $71 on Monday as hopes that the Omicron coronavirus variant may cause mostly mild symptoms boosted riskier assets and as the prospect of an imminent rise in Iranian oil exports looked less likely.
Read more at https://www.reuters.com/markets/commodities/oil-gains-more-than-1bbl-after-saudi-price-hike-2021-12-06/