Oil kicks off 2022 on high note

Source: OilNOW

January 3, 2022

(Reuters) – Oil prices firmed on Monday as the market kicked off 2022 on a positive note with suppliers in focus ahead of Tuesday’s OPEC+ meeting, although surging COVID-19 cases continued to dent demand sentiment.

Brent crude added 56 cents, or 0.72%, to $78.34 a barrel, as of 0710 GMT. U.S. West Texas Intermediate crude futures gained 52 cents, or 0.69%, to $75.73 a barrel.

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