Oil

Oil heads for biggest annual gains since 2009

Oil prices slid on Friday but were set to post their biggest annual gains in 12 years, spurred by the global economic recovery from the COVID-19 slump and producer restraint, even as infections surged to record highs around the world.

Omicron won't slow gas demand: GasBuddy analyst

GasBuddy head of petroleum analysis Patrick De Haan said Tuesday, that, currently, there is an “insatiable amount of gasoline demand” and that there are “very strong” signs that it won’t slow down due to the omicron variant.