LONDON—Oil prices rebounded on Tuesday after a sharp fall in the previous session as investors’ appetite for risk improved, although they remained cautious amid the rapid spread of the Omicron coronavirus variant across the globe.
Brent crude was up 84 cents, or 1.2 percent, at $72.36 a barrel by 1117 GMT, and U.S. West Texas Intermediate (WTI) crude rose 95 cents, or 1.4 percent, to $69.56 a barrel.
