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Oil prices rise to highest level in a month as Omicron concern eases
Dec. 28, 2021
Source: Reuters

Oil prices rise to highest level in a month as Omicron concern eases

NEW YORK, Dec 27 (Reuters) - Oil prices rose more than 2% on Monday to the highest level since late November on hopes that the Omicron coronavirus variant will have a limited impact on global demand in 2022, even as surging cases caused flight cancellations. Global benchmark Brent crude rose $2.46, or 3.2%, to settle at $78.60 a barrel. U.S. West Texas Intermediate (WTI) crude rose $1.78, or 2.4%, to settle at $75.57 a barrel. The U.S. market was closed on Friday for a holiday.

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