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Oil price increases again

Oil price increases again
Oil price increases again

Amid reduced concerns about the Omicron strain, world oil prices have risen by about 1%.

Brent oil futures for January delivery rose by 1.34% to $ 76.15 a barrel.

Meanwhile, WTI January futures rose by 1.28% to $ 72.59 a barrel.

In addition, experts are waiting for the next meeting of OPEC + ministers.

Due to the declining demand for oil caused by the coronavirus pandemic, OPEC + has reduced production by 9.7 million barrels since May last year.

With the stabilization of the situation, oil production has more or less resumed. From August 2021, the Alliance increased oil production by 400 thousand barrels per month.

Since then, the organization's member states have met every month and discussed the production plan for the coming month.

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