International oil prices rose during Monday's trading, after absorbing the shock of the new mutated Corona virus, which was called Omicron.
The rise of oil today came after strong losses for crude that were recorded last Friday, coinciding with the decline of global markets on the impact of negative news about the emergence of the new mutation of the virus, which was discovered in southern Africa.
Expectations have risen that OPEC+ will decide this week to stop increasing production in response to the new health developments.
OPEC+ sources told Reuters that the alliance decided to postpone technical meetings until later this week, giving them more time to assess the impact of Omicron on oil prices. Demand for oil and its prices.
In terms of today's trading, Brent crude futures for January delivery rose by 3.7% at $75.44 a barrel, and the US NYMEX crude contracts for January delivery increased by 4.6%. Recorded at $71.28 per barrel.
