Oil prices today rose more than four percent recouping a big chunk of the previous session’s steep losses.
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The crude prices rose as major producers prepared to discuss how to respond to the threat of a hit to fuel demand from the Omicron variant of the coronavirus.
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In intra-day trade, Brent crude was trading around 72 dollars and 50 cents per barrel while WTI crude prices were at 69 dollars and 15 per barrel.
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