Steps have been taken to reduce oil prices against rising inflation in the world. While the Brent oil price started to decline, it entered an upward trend again.
Oil prices rebounded today amid the impact of purchases from bottom prices after Friday's sharp decline and expectations that OPEC+ will halt production increases in response to the Omicron variant.
However, investors remained cautious as little is still known about the new variant.
THE NEAREST TERM BARLEY PRICE OF BRENT CRUDE IS $75.83
The closest futures barrel price of Brent crude oil rose 4.3 percent to $75.83, after falling $9.50 on Friday.
The USA light crude rised 5.1% to $71.62, after falling $10.24 on Friday.
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