Oil price hike Oil price hike

Oil prices ended a choppy trading session higher to maintain a positive trend as investors became less concerned about the impact of the coronavirus Omicron mutation on global economic growth and fuel demand.

The global benchmark Brent crude contracts ended the trading session up 38 cents, or 0.5 percent, to settle at $75.82 a barrel.

US West Texas Intermediate crude contracts closed 31 cents, or 0.43 percent, at $72.36 a barrel.

Brent has risen about 10 percent since December 1, on expectations that Omicron will have only a limited impact on oil demand, after a 16 percent drop since November 25.

These were the details of the news Oil price hike Oil price hike for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.

It is also worth noting that the original news has been published and is available at saudi24news and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.

NEXT Ministry of Economy and Planning signs MoU with Saudi National Institute of Health

Author Information

I am Joshua Kelly and I focus on breaking news stories and ensuring we (“Al-KhaleejToday.NET”) offer timely reporting on some of the most recent stories released through market wires about “Services” sector. I have formerly spent over 3 years as a trader in U.S. Stock Market and is now semi-stepped down. I work on a full time basis for Al-KhaleejToday.NET specializing in quicker moving active shares with a short term view on investment opportunities and trends. Address: 838 Emily Drive Hampton, SC 29924, USA Phone: (+1) 803-887-5567 Email: [email protected]