The oil prices continued their rise on Tuesday for the fifth consecutive day, as concerns about the impact of the Omicron variant on economic activity dissipates.
The barrel of Brent North Sea for February delivery rose 0.43% to $ 78.94 compared to Monday’s close.
Meanwhile, in New York, the barrel of West Texas Intermediate (WTI) for the same delivery advanced 0.54% to 75.98 dollars.
Both contracts, which climbed more than 2% on Monday, are at their highest point in a month.
The price of Brent is approaching the $ 80 level it had left on November 25, when U.S announced the sale of strategic reserves to lower prices.
Investors welcomed the decision of the US health authorities (CDC) to halve the isolation period for asymptomatic and covid-infected people, which went from 10 to five days.
These measures are considered positive to solve the labor shortage related to quarantines, which caused thousands of flight cancellations between airlines due to lack of personnel, with the consequent drop in fuel consumption.
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Reference-www.eleconomista.com.mx