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Oil rose on the first trading day of the year on bullish demand expectationsOil rose on the first trading day of the year on bullish demand expectations |
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International benchmarks for crude oil settled higher on Monday, 3 January 2022 on bullish expectations in the demand recovery in 2022 despite OPEC+ is set to increase output further in the next meeting on 4 January.
Brent gained $1.20 or 1.5% to close at $78.98/barrel.
WTI rose 87 cents to settle at $76.08/barrel.
