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Crude Markets Run Hot in Asia as Omicron Fails to Dent Demand

(Bloomberg) -- The physical crude market in Asia is showing further signs of strength, bolstering the outlook for higher futures prices just as global oil benchmark Brent rallies to the highest level in seven years.
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Analysis-Physical crude oil market steams ahead after Omicron blip

LONDON/BANGALORE/SINGAPORE: Frantic oil buying driven by supply outages and signs the Omicron variant won't be as disruptive as feared has pushed some crude grades to multi-year highs, suggesting the rally in Brent futures could be sustained a while longer, traders said.
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