World oil prices on Tuesday morning continue to rise, as fears eased over the omicron strain of the new coronavirus, according to trading data, Report informs, citing Prime.

As of 9:12 (GMT +4), February futures of Brent crude oil are growing in price by 0.83%, to $73.69 per barrel, January futures of WTI went up by 1.09% to $70.25 per barrel.

The oil market continued positive dynamics on Tuesday morning after a 5% rise in prices the day before. Investors’ fears about the spread of the omicron coronavirus strain have eased.

The hopes that the new strain will have a less devastating economic impact are supported by reports from South Africa that patients there showed only mild symptoms.