Oil rebounds following Saudi price hike

A bit of an odd move, given the supply hike in January, the omicron uncertainty and the expectation of a better supplied market in the first quarter of 2022," says head of commodities strategy.

BY MARKETWIRE, TRANSLATED BY L.N. BARNES

Oil prices rebound Monday morning after Saudi Arabia raised prices for its crude export, signaling confidence about coming demand in light of the new coronavirus variant Omicron.

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