Oil prices rose on Thursday, more than recouping the previous day’s losses, as investors adjusted positions ahead of an OPEC+ decision over supply policy, but gains were capped amid fears the Omicron coronavirus variant will hurt fuel demand. Brent crude futures rose $1.24, or 1.8%, to $70.11 by 0748 GMT, having eased 0.5% in the previous session. U.S. West Texas Intermediate (WTI) crude futures gained $1.13, or 1.7%, to $66.70 a barrel, after a 0.9% drop on Wednesday. “Investors unwound their positions ahead of the OPEC+ decision as oil prices have declined so fast and so much over the past week,” said Tsuyoshi Ueno, senior economist at NLI Research Institute. Global oil prices have lost more than $10 a barrel […]