FILE PHOTO: Oil tankers are seen parked at a yard outside a fuel depot on the outskirts of Kolkata February 3, 2015. settled down 24 cents, or 0.3%, to $81.75 a barrel, while U.S. was down 56 cents, or 0.7%, at $78.90 a barrel. Brent gained 5.2%, while WTI gained 5% in the first week of the year, with prices at their highest since late November, spurred on by the supply concerns. U.S. oil rigs rose one to 481 this week, their highest since April 2020, energy services firm Baker Hughes Co said in its closely followed report. [RIG-USA-BHI], [RIG-OL-USA-BHI]While the Omicron coronavirus variant is rapidly taking hold, demand-side concerns are easing amid rising evidence that it is less severe than previous variants.

Source: Libya Today January 07, 2022 21:58 UTC