High oil prices – MTV Lebanon


Oil prices rose fair from yesterday’s losing trajectory, in light of expectations that the OPEC + grouping will halt the increase in supplies amid growing concern that the spread of Omicron, the new strain of the Corona virus, negatively affects the global economy and limits the demand for fuel.

Brent crude futures rose 48 cents, or 0.7 percent, to $69.35 a barrel, after falling half a percent in the previous session.

US West Texas Intermediate crude futures were not less fortunate than the previous one, as they also rose 48 cents, or 0.7 percent, to $ 66.05 a barrel, after falling 0.9 percent.


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