Oil price maintains its highest level in a month

The oil prices They remained at their monthly high on Thursday, in a rocking session, as investors remain confident of strong demand despite the advance of the Omicron variant of Covid-19.

The price of a barrel of Brent North Sea for February delivery rose 0.11% to $ 79.32. In New York, the barrel of West Texas Intermediate (WTI) for the same month gained 0.56% to 76.99, its highest level since November 25.

The crude oil prices They resumed their upward trend this month after crashing in late November with the appearance of the Omicron variant and the announcement that the United States was bringing some of its strategic reserves to market to lower prices.

Predictions of strong demand were bolstered by weekly data from the US Energy Information Agency (EIA), which reported a 3.6 million barrel drop in commercial crude oil reserves.

The energy market He was also attentive to the Russian-Western crisis in Ukraine.

Russian gas exports could be affected if tensions escalate, as Russian President Vladimir Putin will speak with his US counterpart Joe Biden by phone during the day.

Operators will also closely follow the monthly meeting of the OPEC + on January 4 to assess the state of the market and its supply policy for the following month and 2022.

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Reference-www.eleconomista.com.mx

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