Oil rose on the first trading day of the year on bullish demand expectations
Oil rose on the first trading day of the year on bullish demand expectations
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.