Oil prices rise despite growing fears of the repercussions of "Omicron"

International oil prices rose on Tuesday, despite growing concerns about the fallout from the new mutated Omicron.

Investors fear the rapid spread of the mutant Omicron globally, and the impact on the trend of many countries around the world to re-impose closure restrictions; Which will reflect on the global economic situation.

JBC Energy said in a note reported by Reuters that the United Kingdom may be heading to re-impose closure restrictions after December 26, with daily infections heading to levels Standard.

British Prime Minister Boris Johnson said after a cabinet meeting on Monday that the epidemic situation is very difficult, with hospital admissions rising sharply in London, Noting that it may take additional measures to control the spread of Omicron.

In terms of trading, Brent crude futures for February delivery rose today by 1.2% to reach $72.35 a barrel.

The US NYMEX crude contracts for February delivery also rose by 1.5% at the level of $69.61 a barrel.