Reuters) Oil rose above $78 a barrel on Monday, supported by tight supply and hopes of a further demand recovery in 2022, despite OPEC+ looking set to agree to a further output increase and concern persisting about the demand impact of rising coronavirus cases.
OPEC and its allies, or OPEC+, are expected on Tuesday to agree to the output hike. The Omicron coronavirus variant has brought record case counts and dampened New Year festivities worldwide, with more than 4,000 flights cancelled on Sunday.
Reuters) Oil rose above $78 a barrel on...
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