global oil prices declined marginally during Thursday's trading, amid a state of uncertainty that dominates the markets in the short term despite the start of vaccination with anti-Coronavirus vaccines in a number of Developed countries.
Despite the start of the vaccination process against the virus, the number of infections is still increasing and widespread, especially with the emergence of a new strain of the virus, which is said to be more deadly than its predecessor.
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Oil's reaction to the pandemic was negative during 2020, which indicates that crude recorded losses of about 20% of the total this year, coinciding with the worsening of the Corona pandemic and the associated global economic turmoil Its and tumbling demand for raw.
On the other hand, the OPEC + group is preparing to increase crude production by 500 thousand barrels per day, starting in January, amid monitoring the developments in oil demand.
As for oil trading, futures contracts for Brent crude for March delivery fell by 0.1% to $ 51.56 a barrel, and US Nymex crude for February delivery decreased by 0.1% at $ 48.33 per barrel
