SINGAPORE, Dec 1 (Reuters): Oil prices rose more than 3% on Wednesday, recouping a big chunk of the previous session's steep losses, as major producers prepared to discuss how to respond to the threat of a hit to fuel demand from the Omicron variant of the coronavirus.
Brent crude futures rose $2.46, or 3.6%, to US$71.69 a barrel at 0742 GMT, after rising to as high as US$71.95 earlier in the day. The benchmark had slumped 3.9% on Tuesday.
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