Oil prices rose during trading on Tuesday before the release of the monthly report of the Organization of the Petroleum Exporting Countries regarding production levels during the month of December.
The rise in oil today coincided with the follow-up to the latest developments in supply and demand for crude, and amid anticipation for the latest repercussions of the new variable, Omicron.
The benchmark Brent crude futures contract for March delivery recorded a growth of 1.25%, or the equivalent of $1.08, to reach $87.56 a barrel, the highest level in nearly 7 years.< /p>
The US NYMEX crude contracts for February delivery also rose by 1.55%, or the equivalent of $1.30, at the level of $85.12 a barrel.
Australian brokerage firm COMCEC, analysts stressed in a note cited by Reuters that oil prices were supported by colder winter temperatures in the northern hemisphere, and that These conditions boosted the demand for heating fuel.
For his part, Ash Glover, an analyst at CMC Markets, said analysts' expectations indicate that demand will exceed supply this year as the world moves to reopen the economy. and borders after two years of closures.
