LONDON—Oil prices steadied near $75 a barrel on Wednesday, taking a breather after strong gains earlier this week, as investors continued to assess the impact of the Omicron coronavirus variant on the global economy and fuel demand.
Brent crude futures dropped 19 cents, or 0.25 percent, to $75.25 a barrel at 0925 GMT, after settling 3.2 percent higher on Tuesday. U.S. West Texas Intermediate crude was at $71.78 a barrel, down 27 cents or 0.4 percent, having gained 3.7 percent in the previous session.
