US West Texas Intermediate crude contracts jumped $2.99, or 3.8 percent, to settle at $81.22 a barrel, which is also the highest price since mid-November.
According to experts, the dip helped dollar The US dollar is also in giving support to oil because it makes crude cheaper for buyers holding other currencies.
Russia registers first test system to detect the “Omicron” mutant
The markets are awaiting the latest weekly data on oil inventories in the United States, which will be issued by the American Petroleum Institute later and the US Energy Information Administration tomorrow, Wednesday.
Expectations indicate that US crude stocks fell by about two million barrels last week.
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