Risk appetite has returned as some governments resist imposing lockdowns to curb the spread of the Omicron Covid-19 variant
Oil prices rose again on Wednesday as the dollar slipped, with risk appetite returning as some governments resist imposing lockdowns to curb the spread of the Omicron Covid-19 variant and as China said it would be able to sustain economic growth.
Meanwhile a senior Chinese state planning official said on Wednesday Beijing would work to aid economic growth, including stepping up government spending, strengthening support to manufacturers and stabilising industry supply chains. Meanwhile, some governments are trying to hold off imposing new pandemic curbs to slow the spread of the Omicron coronavirus variant, including in Britain and Australia, which should help support fuel demand.
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