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.
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.
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.
Russia’s Gazprom denies responsibility for the shortage of gas supplies in Europe
December 25, 21:11 GMT
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.
These were the details of the news Oil prices rise to the highest level in a month as... 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.