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Find all the economic and financial information on our Orishas Direct application to download on Play StoreThe fear of Omicron fades a little this Tuesday influencing oil which ends with a bang. Oil prices ended up sharply, rebounding after several sessions of decline.
Oil prices ended up strong on Tuesday, partly on the back of the feeling that the impact of the Omicron variant of the coronavirus on the economy may not be as severe as initially anticipated. A barrel of Brent North Sea oil for February delivery, the most traded in London, ended up 3.43% at 73.98 dollars. In New York, a barrel of West Texas Intermediate (WTI) due in February, which was the first day of use as a benchmark contract, gained 4.53% to 71.12 dollars.
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