Oil headed for a fourth straight weekly gain, the longest winning streak since October, on signs that the market is tightening as global consumption withstands the impact of the omicron virus variant. West Texas Intermediate traded above $82 a barrel after rallying more than 4% this week The American benchmark has made a strong start to the year as U.S. nationwide inventories contracted to the lowest level since 2018. Crude has now clawed back most of the losses late last year that were driven by omicron and the White House-led releases from national oil reserves. Although it’s proved to be fast-spreading the variant is also milder, lessening the impact on energy consumption, with major user India now seen as weathering the scare. In that vein, the International Energy Agency said earlier this week that global oil demand has turned out to be stronger than expected. Oil prices have benefited […]