Crude oil trade eased slightly earlier in the week as supplies resumed running in Libya and Kazakhstan.
In the Asian session, Brent crude futures traded steady at around $ 81.85 a barrel, while US WTI traded slightly changed at $ 79 a barrel.
Both benchmarks have been boosted to rise to two-month highs in the past week following production disruptions in Libya and Kazakhstan.
However in the latest development, production by Libya reportedly increased again to 900,000 barrels a day after maintenance was completed. Meanwhile some production in Kazakhstan has also begun to recover following unrest that blocked supplies last week.
Meanwhile, Covid-19’s zero-tolerance approach by China has caused investors little concern if it could affect demand from the world’s largest oil importer.
Most recently, China began a large-scale testing campaign of the northern port city of Tianjin after two community cases were confirmed as Omicron, a very simple and fast-spreading variant.