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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.

Written by Journalist

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