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Oil prices rose to close at $ 84 a barrel on Tuesday, amid tight supplies and expectations that an increase in corona virus infection and the rapid spread of the Omicron mutator would not undermine global demand recovery.
US West Texas Intermediate crude deals rose $ 2.99, or 3.8 percent, to $ 81.22 a barrel, the highest level since mid-November.
According to experts, Dip helped Dollar The US dollar is in favor of oil because it makes crude cheaper for buyers of other currencies.
Markets are waiting for the latest weekly data on oil inventories in the United States to be released by the U.S. Petroleum Corporation later and tomorrow, Wednesday, by the U.S. Energy Information Administration.
U.S. crude oil stocks are expected to fall about two million barrels last week.
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Emirates News Agency – “ADNOC Logistics and Services” fetches 8.3 billion dirhams on first day of trading on Abu Dhabi market
The dollar is falling amid the possibility that the US Federal Reserve will hold off on raising interest rates
Wall Street Awaits Fate of U.S. Treasuries… and Gold at $2,000 by Investing.com