Oil prices jumped on Wednesday, extending big gains in the previous session following the head of the US Federal Reserve hinted that the bank may raise interest rates at a slower rate than expected, which supports demand for oil in the short term. The global benchmark Brent crude and the US benchmark West Texas Intermediate crude are trading at their highest levels since the emergence of the mutated Omicron strain of the Corona virus in late November, as it did not damage demand for fuel as much as its predecessors. And
Brent rose 22 cents, or 0.3 percent, to $ 83.94 a barrel by 0224 GMT, following jumping 3.5 percent in the previous session.
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