Oil prices were approaching $ 80 per barrelAs global supply complications and a drop in US inventories offset concerns about a surge in coronavirus cases that could reduce demand.
The oil Brent climbed to $ 79.20 a barrel before falling back to trade unchanged for the day at $ 78.94 at 10:55 GMT.
Crude futures WTI fell 13 cents to $ 75.85 a barrel, after having climbed to $ 76.17.
Both contracts are trading near their highest levels in a month, helped by the strength of equity assets globally.
“Markets are setting prices based on what happens with the latest variant of the coronavirus and now they see that Ómicron will have more moderate effects, despite its high transmission capacity,” said OANDA analyst Jeffrey Halley, in a note. sent to clients.
Data released Tuesday by the American Petroleum Institute (API) showed that US crude stocks fell by 3.1 million barrels in the week ending December 24, according to market sources, in line with expectations of nine analysts polled by Reuters.
Official data from the Energy Information Administration (EIA) will be released later on Wednesday.
Reference-www.eleconomista.com.mx