Oil prices rise over 1%

Global oil prices rose by more than 1% on December 13 amid eased concerns over the omicron coronavirus strain, Report informs referring to the auction data.

The price of February futures for Brent crude oil rose by 1.34%, to $76.15 per barrel, and January WTI futures - by 1.28%, to $72.59.

Easing concerns about the omicron strain is helping oil markets shy away from pessimism, according to CBA analysts, quoted by the Wall Street Journal.

The lack of a special reaction from the authorities of different countries of the world to the identification of the new coronavirus variant brings the prospects for a recovery in demand for commodities, including oil, closer.

In addition, oil investors are awaiting the release of the OPEC+ report later on December 13.