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Oil declines as infections rise in the Omicron mutator
- Time: 01/13/2022 09:14:02
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{Economic: Al Furat News} Oil prices fell today, Thursday, January 13, giving up some of their gains in the previous two sessions, amid the absence of uncertainty about demand in the near term, with the increase in infections with the Omicron mutator around the world.
US benchmark West Texas Intermediate crude contracts fell 20 cents, or 0.2%, to $82.44 a barrel at 05:03 GMT, after rising 1.7% in the previous session.
The international benchmark Brent crude contracts also fell 19 cents, or 0.2%, to $ 84.48 a barrel, after rising 1.3% yesterday.
US Energy Information Administration data
Data from the US Energy Information Administration yesterday showed that fuel demand was affected by Omicron, as gasoline stocks rose 8 million barrels in the week ending January 7, compared to analysts' expectations for an increase of 2.4 million barrels.
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{Economic: Al Furat News} Oil prices fell today, Thursday, January 13, giving up some of their gains in the previous two sessions, amid the absence of uncertainty about demand in the near term, with the increase in infections with the Omicron mutator around the world.
US benchmark West Texas Intermediate crude contracts fell 20 cents, or 0.2%, to $82.44 a barrel at 05:03 GMT, after rising 1.7% in the previous session.
The international benchmark Brent crude contracts also fell 19 cents, or 0.2%, to $ 84.48 a barrel, after rising 1.3% yesterday.
US Energy Information Administration data
Data from the US Energy Information Administration yesterday showed that fuel demand was affected by Omicron, as gasoline stocks rose 8 million barrels in the week ending January 7, compared to analysts' expectations for an increase of 2.4 million barrels.
[You must be registered and logged in to see this link.]
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