Oil Rebounds from Black Friday Rout as OPEC+ Takes More Time American drivers are set for a slight relief from stubbornly high gasoline prices at the pump as concerns over the new omicron coronavirus strain are cooling oil’s rally. The national average retail price that reached a seven-year high of $3.42 a gallon earlier this month could drop to as low as $3.15 by Christmas, said Patrick DeHaan, head of petroleum analysis at Gas Buddy. So far, the average has only come down by 3 cents in three weeks, according to AAA data. “For now, the only direction I see in the national average is down,” said DeHaan. “The trend is still that countries are responding by shutting things down; things are not yet reopening.” Fears that omicron will slash demand for fuel all over again roiled oil markets on Black Friday, just as top consuming countries led by […]