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Brent crude prices rise due to the decline in Libya’s production and the events in Kazakhstan.

Brent crude prices recorded a rise in futures contracts; Due to the tense situation in Kazakhstan, and coinciding with the decline in production in Libya.

Brent prices reached $82.47 a barrel, with prices reaching their highest levels since late November.

“Brent” and US crude are heading towards recording a six percent increase in the first week of this year. It is possible that demand will be affected by the rapid spread of the Omicron mutant of the Corona virus.

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Written by Journalist

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