Crude futures were under slight pressure early Friday in Asia as Omicron worries returned The Fed’s stance of tightening monetary policy next year started to lead to anxiety about economic growth Oil prices fell early on Friday and were on track for a weekly loss as the fast-spreading Omicron COVID variant increased concerns about a potential hit to oil demand, while the hawkish Fed stance of tightening monetary policy next year started to lead to anxiety about economic growth. As of 10:00 a.m. EDT on Friday, WTI Crude was down 1.87% at $71.10 and Brent Crude prices had fallen by 1.75% to $73.71. Oil prices were up on Wednesday and Thursday, following a bullish inventory report from the Energy Information Administration (EIA) showing falling U.S. crude and oil product inventories and a record petroleum demand in America for the week to December 10. However, the fast-spreading Omicron variant and […]