OPEC and its allies will decide on Thursday whether to release more oil into the market or restrain supply amid big gyrations in crude prices, a U.S. release from oil reserves and fears about the new Omicron coronavirus variant. Oil prices tumbled to near $70 a barrel on Tuesday, down from three-year highs above $86 in October. Prices posted their biggest monthly decline in November since the start of the pandemic, as the new variant raised fears of a glut. Benchmark Brent was trading around $72 on Wednesday. OPEC and its allies have been at odds with the United States, which has asked the group to raise output to help the global economy. Producers said they didn’t want […]