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Investors continue to watch omicron Covid variant


SINGAPORE — Shares in Japan looked set for a lower open on Monday as investors in Asia monitor developments surrounding the recently discovered omicron Covid variant.

Chicago, 28365: The Nikkei futures contract was at 28,365. Nikkei 225’sLast close: 28751.62.

As the morning trading began, shares fell in Australia. S&P/ASX 200 fell 0.89%.

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Over 2% increase in oil prices

Oil prices rose in the early hours of Asia trading.

International benchmark Brent crude futuresThe average barrel price rose by 2.9%, to $74.83 U.S. crude futuresThe barrel price increased by 3.54%, to $70.56 Friday oil saw its worst day of 2021 amid renewed Covid fears.

The U.S. dollars index was down to 96.251 last week after falling above 96.4. After falling from above $0.725, the Australian dollar traded at $0.714.