Oil Prices Soar on Demand Optimism, But Clouds Loom

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Oil prices surged higher on Tuesday, with global benchmark Brent hitting $80 in the wake of a decision by Opec and its allies to hike supply and amid growing optimism that the Omicron variant’s impacts on demand will be mild.

Topics:
Oil Futures and Derivatives, Oil Prices, Oil Demand, Oil Supply, Opec/Opec-Plus, Opec-Plus Supply , Crude Oil, Oil Forecasts, Supply & Demand
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