International oil prices stabilized during trading on Thursday, following the release of US inventory data, which indicated the continued momentum of demand for crude.
The US Energy Information Administration revealed, yesterday evening, that crude oil inventories in the United States fell more than expected, and gasoline stocks fell, for the week ending December 24 2021.
On the other hand, all circles are following up on the latest developments in the (Omicron) strain, the new mutated of the Corona virus, as governments around the world seek to limit the repercussions of the virus on people. global economic growth.
In terms of trading today, Brent crude futures for February delivery settled at $79.23 a barrel, and the US NYMEX crude for February delivery settled at $76.59 a barrel.
The meeting of OPEC and non-OPEC allies is scheduled for January 4, 2022; to decide whether or not to continue increasing production in February.
