Published by
Reuters UK
Reuters UK
By Yuka Obayashi and Roslan Khasawneh SINGAPORE (Reuters) -Oil prices edged up on Monday as investors bet supply will remain tight amid restrained output by major producers with global demand unperturbed by the Omicron coronavirus variant. Brent crude futures gained 9 cents, or 0.1%, to $86.15 a barrel by 0539 GMT. Earlier in the session, the contract touched its highest since Oct. 3, 2018 at $86.71. U.S. West Texas Intermediate crude was up 29 cents, or 0.4%, at $84.11 a barrel, after hitting $84.78, the highest since Nov. 10, 2021, earlier in the session. The gains followed a rally last week…