LONDON—Oil prices extended gains on Tuesday from a near 5 percent rebound the day before as concerns about the impact of the Omicron coronavirus variant on global fuel demand eased and Iran nuclear talks stalled, delaying the return of Iranian crude.
Brent crude futures were up $1.66, or 2.3 percent, at $74.74 a barrel by 1005 GMT, after settling 4.6 percent higher on Monday. U.S. West Texas Intermediate crude was at $71.30 a barrel, up $1.81, or 2.6 percent, building on a 4.9 percent gain in the previous session.
