Oil prices jumped more than 4% on Wednesday as investors prepare for a meeting of oil producers on the course of production in the coming months, at a time when concerns are growing that the new Omicron mutation could hit again. economic activity with unpredictable consequences for the course of demand.
February delivery crude was up $ 3.25, or 4.7%, at $ 72.48 a barrel, while the WTI was up $ 3.01, or 4.6%, at $ 69.19 a barrel.
Both contracts ended in November with heavy losses, losing a total of 16% and 21% respectively, in the worst month since March 2020, when the global economy collapsed under the weight of the pandemic.
OPEC is meeting today on the course of production, while tomorrow it will meet again, with the participation of other major oil producers such as Russia, at the level (OPEC +).
Some analysts expect OPEC + to freeze its plan to gradually increase production by 400,000 barrels per day each month to fill the gap left by the cuts made during the crisis.
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