Oil extended gains — after its biggest weekly advance since late August — on more signs that omicron won’t be as bad as initially feared and predictions that China will soon start adding fiscal stimulus. West Texas Intermediate futures climbed around 1% after gaining 8.2% in the first weekly increase since late October. The new coronavirus variant hasn’t had much impact on global oil demand, Iraq’s oil minister said Sunday. Economists forecast that Beijing will start adding fiscal stimulus in early 2022 after the country’s top officials said their key goals for next year include stabilizing the economy. That should further improve sentiment in the market, given the Asian nation is the world’s biggest oil importer. Oil has staged a partial turnaround — after tumbling into a bear market — on signs nervousness around omicron might have been overdone. However, there are also signs that demand might be weakening […]