LONDON—Oil prices eased on Thursday after the world’s top importer China cut the first batch of crude import allocations for 2022, offsetting the impact of U.S. data showing fuel demand had held up despite soaring Omicron coronavirus infections.
Brent crude futures fell 52 cents, or 0.7 percent, to $78.71 a barrel at 1022 GMT. U.S. West Texas Intermediate (WTI) crude futures slid 59 cents, or 0.8 percent, to $75.97 a barrel after six straight sessions of gains.
