NEW YORK (Reuters) -Oil prices rose around 3% on Monday due to hopes that the Omicron COVID-19 variant will have a limited impact on global demand in 2022, even as surging cases caused flight cancellations https://www.reuters.com/markets/stocks/rising-omicron-cases-disrupt-air-travel-800-more-flights-canceled-2021-12-27.

World stocks were flat and oil prices eased in quiet trade on Monday as flight cancellations over Christmas revived concerns that the Omicron coronavirus variant could slow the economy heading into the new year.

WASHINGTON (Reuters) -Global equity markets stocks rose and oil prices eased on Monday as flight cancellations over Christmas revived concerns that the Omicron coronavirus variant could slow the economy into 2022.

BEIJING (Reuters) -China's aviation regulator will suspend two China Eastern flights from New York to Shanghai from January 3 due to COVID-19 cases, the Shanghai government said on Monday.

LONDON (Reuters) -Brent crude oil rose towards $77 on Monday due to hopes that the Omicron COVID-19 variant will have a limited impact on global demand in 2022, even as U.S. crude came under pressure from flight cancellations amid surging cases.

LONDON (Reuters) -Oil fell on Monday after U.S. airlines called off thousands of flights over the Christmas holidays amid surging COVID-19 cases, though losses were capped by hopes that the Omicron variant will have limited impact on global demand.