LONDON—Oil prices slipped below $80 a barrel on Wednesday after OPEC+ producers stuck to an agreed output target rise for February and investors assessed the impact of a spike in COVID-19 cases caused by the Omicron variant.
Brent crude futures were down 18 cents, or 0.23 percent, to $79.82 a barrel by 0945 GMT, while U.S. West Texas Intermediate (WTI) crude futures declined 23 cents, or 0.3 percent, to $76.76.
