AA / Istanbul
Oil prices rose at the start of Tuesday’s session, with global demand for crude stabilizing, despite concerns over the Omicron variant of the coronavirus in global markets.
The improvement in prices during morning trading is also explained by the decline in the dollar index, against other currencies, which means a decrease in the cost of purchasing crude for holders of currencies other than the dollar. .
The dollar index fell 0.17% in morning trading to 95.775 points, from Monday’s closing session.
As of 0800 GMT, Brent crude futures prices, for delivery in March, rose 0.78%, or 63 cents, to $ 81.50 a barrel.
US West Texas Intermediate (WTI) crude futures, for delivery in February, also rose 0.95%, or 74 cents, to $ 78.97 a barrel.
The OPEC + alliance is still fully engaged in the application of its current policy of declining production, which is expected to end next December, which means that oil volumes available on world markets are still subject to restrictions. .
* Translated from Arabic by Mounir Bennour.
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