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Financial News: Oil prices up

Financial News:

Oil prices up

Saudi Arabia Oil

Despite rising omicron fears, oil prices up since Saudi Arabia increased crude prices.

Futures increased 2.4% to just under $68 a barrel. The kingdom increased oil prices for Asia U.S. customers for January, immediately following the OPEC+ alliance agreed to increase crude output for the same period.

Ole Hansen, head of commodities strategy at Saxo Bank said there is "a continuation of last week's recovery" and "a bit of extra spice by Saudi OSPs."

Photo: Camels pass an oil facility in Saudi Arabia.

XOM

Exxon Mobil Corp
Thu, Aug 11, 22 (EOD)
Price: $93.19
Volume 18462726

Content ID: 1638786209 Created Monday, December 06, 2021 10:23 AM UTC by Aaron Stipkovich, Updated Monday, December 06, 2021 10:37 AM UTC by Aaron Stipkovich.