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Monday, December 06, 2021 10:39:23 UTC

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."(More)

@opecfund @exxonmobile @opececretariat @exxonmobile

#oil #exxon #saudiarabia #opec #saxobank #olehansen #oilprice

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