Skip to content

Omicron Yet to Curb Driving Across Most of Asia in Boon for Oil

  • Traffic data from most nations point to rise over November
  • Resilience may help to support crude demand, futures prices
Updated on

The rapid spread of omicron has yet to dampen road traffic across most of Asia even as it leads to restrictions in parts of Europe, suggesting energy demand in the region may be spared a significant hit.

More cars have thronged the main roads in December amid year-end festivities than seen last month. All but one major Asian country registered a rise in mobility on-month, according to data compiled by Bloomberg using Apple Inc. mobility statistics until Dec. 27.