Oil prices rose today in the first sessions of 2022, by rates that did not exceed 1%, after OPEC Plus confirmed that the impact of the Omicron mutator is limited on the oil market.
According to Arabiya Net, Brent crude rose at the beginning of trading today, Monday, by 0.69% to reach $ 78.32 a barrel, while US crude rose by 0.77% to reach $ 78.32 a barrel. $75.79 per barrel.
And yesterday, a report was issued by the joint technical committee of the OPEC Plus group, which expected that the Omicron mutator from the emerging corona virus would have a limited and temporary impact on the oil market, which rebounded sharply in The final months of last year, benefiting from hopes of economic recovery.
The report stated that the impact of the new mutation is expected to be mild and short-term with the improvement of the global ability to deal with Covid-19 and the challenges associated with it.
It is noteworthy that, on the last day of last year, oil prices declined, but they continued towards achieving their largest annual gains since at least 2016, driven by the recovery of the global economy. From the stagnation caused by Covid-19 and restrictions adopted by producers, even as virus infections rise to record levels around the world.
The general Brent crude and West Texas crude contracts touched their highest levels in 2021 in October, when Brent crude recorded $ 86.70 a barrel, the highest level since 2018, while West Texas Intermediate crude recorded $85.41 a barrel, its highest level since 2014.
