U.S. West Texas Intermediate crude futures rose 52 cents, or 0.7%, to $72.88 a barrel at 0455 GMT, adding to a 0.4% gain in the previous session.
"Early indications of the Omicron variant... suggest that it may be less severe than initially feared given hospitalisation rates have not surged," Commonwealth Bank commodities analyst Vivek Dhar said in a note. The Omicron outbreak sparked a 16% slump in Brent prices from Nov. 25 to Dec. 1. More than half of the drop has been recouped this week, but analysts say a further recovery may be limited until Omicron's impact is clearer.
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