Oil prices rise to the highest level in a month as...

Oil prices rose more than 2% on Monday, their highest level since late November, buoyed by hopes that the new coronavirus mutated Omicron will have limited impact on global demand in 2022, even as the high number of infections caused flight cancellations. Flight.

Brent crude rose $2.46, or 3.2 percent, to $78.60 a barrel upon settlement. as The price of West Texas crude rose The median was $1.78, or 2.4 percent, to $75.57 a barrel. US markets were closed on Friday for a holiday.

Both benchmarks rose on Monday to their highest level since November 26. On that day, oil fell by more than ten percent when the first news of the appearance of the mutant Omicron came.

Oil prices rose last week after preliminary data showed that the mutant Omicron causes moderate symptoms of the disease.

And US airlines canceled more than 1,300 flights yesterday, Sunday, due to Covid-19, which led to a decrease in the number of crews available to fly, while many cruise ships were forced to cancel stops.

Oil prices are up more than 50 percent this year Supported by the recovery of demandThe Organization of the Petroleum Exporting Countries (OPEC) and its allied countries, the group known as (OPEC +), have reduced their production.

Today, talks between world powers and Iran resumed, in order to save the 2015 nuclear agreement. Iran said that its focus will be on its oil exports during the talks, which so far do not seem to have achieved little progress towards this goal.

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Investors are also awaiting the next OPEC + meeting on January 4, to determine whether it will go ahead with its plan to increase 400,000 barrels per day of its production in February.

Last month, OPEC+ stuck to its policy of increasing production in January despite the Omicron spread.

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