Oil rose as traders looked ahead to clues on U.S. stockpiles while monitoring China’s efforts to contain the spread of omicron. West Texas Intermediate added 0.9% after capping a two-day drop. The industry-funded American Petroleum Institute releases its weekly report on U.S. inventories later Tuesday. Nationwide holdings have sunk for the past six weeks to the lowest since September, official data show. Separately, the Energy Information Administration issues its short-term market outlook. Crude has made a positive start to 2022 on expectations demand will continue to expand as the pandemic evolves, tightening the market. The climb has come despite the spread of the omicron virus variant, including outbreaks in China , the largest crude importer. Supply halts in Libya and Kazakhstan also aided prices, as have capacity constraints faced by some OPEC members. “Volatility is increasing, spare productive capacity is […]