The oil prices They ended strong on Tuesday, a rebound after several sessions of downside, in part thanks to fears over the impact of the Omicron variant of coronavirus on the economy dissipated somewhat.
So the barrel of North Sea Brent for February delivery it ended up 3.43% in London, at $ 73.98.
While in New York, the barrel of West Texas Intermediate (WTI) for February delivery gained 4.53% to $ 71.12.
“We saw a really strong rally after yesterday’s selloffs,” summed up Matt Smith, head of analytics at commodity data provider Kpler.
“It is linked to the general sentiment of the markets in relation to Ómicron, and the fears of new restrictions that are calming down a bit,” he added.
“At the moment the restrictions did not really affect the mobility” of people and had a limited effect on the economy, TD Securities analysts added in a note.
Infections with Omicron variant Covid-19 infections are multiplying rapidly in Europe, the United States and Asia, including in Japan, where a single outbreak from a military base reached at least 180 cases.
“The measures are likely to be temporary thanks to the rapid deployment of booster vaccines in many countries, not to mention the number of people who will become infected if the variant continues to spread at the rate it has,” said Craig Erlam, senior analyst at OANDA.
However, the pharmaceutical Moderna Inc stated on Monday that a booster dose of its Covid-19 vaccine appeared to have a protective effect against Omicron in laboratory tests, giving investors hope.
Regarding supplies, the adhesion of the OPEC + Its production cuts rose to 117% in November from 116% over the previous month, two sources from the group told Reuters, indicating that crude pumping levels remain well below agreed targets.
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Reference-www.eleconomista.com.mx