Oil headed for a fourth straight weekly gain, the longest winning streak since October, on signs that the market is tightening as global consumption withstands the impact of the omicron virus variant. West Texas Intermediate dipped below $82 a barrel in early Asian trading, but was almost 4% higher this week. The American benchmark has made a strong start to the year as U.S. nationwide inventories fell to the lowest since 2018. Crude has now clawed back most of the losses late last year that were driven by omicron and the White House-led releases from national reserves. Although it’s proved to be fast-spreading, the ... (full story)