Live Breaking News & Updates on 000 Barrels Of Crude Oil Starting Tuesday Due To Maintenance On The Main Pumping Line Connecting Fields Samah And Al It Was Good News For Market Amid Uncertainties From Omicron Variant Covid 19 As Daily Cases Surpassed 345

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Oil up over supply outages in Libya, ahead of OPEC+ meeting

ANKARA - Oil prices were up on Monday due to supply disruptions in Libya and ahead of the meeting of producers of the Organization of Petroleum Exporting Countries and allies (OPEC+) on Tuesday when they will decide how much oil to pump in February. International benchmark Brent crude was trading at USD78.44 per barrel at 0656 GMT, up 0.84 percent from the previous session's close of USD77.78. The American benchmark West Texas Intermediate (WTI) was at USD75.86 per barrel at the same time, a 0.86 percent gain from the previous session's trade closure of USD75.21 per barrel. Oil prices started the new year on a positive note with Libya's announcement on Saturday of production cuts of around 200,000 barrels of crude oil starting Tuesday due to maintenance on the main crude oil pumping line connecting the fields of Samah and Al. It was good news for the oil market amid uncertainties from the omicron variant of Covid-19. As the daily Covid-19 cases surpassed 345,000 in the US, ....

United States , Turkey General , Anthony Fauci , Organization Of Petroleum Exporting Countries , Petroleum Exporting Countries , West Texas Intermediate , Ankara Oil Prices Were Up On Monday Due To Supply Disruptions In Libya And Ahead Of The Meeting Producers Organization Petroleum Exporting Countries Allies Opec Tuesday When They Will Decide How Much Pump February International Benchmark Brent Crude Was Trading At Usd78 44 Per Barrel 0656 Gmt , P 0 84 Percent From The Previous Session 39s Close Of Usd77 78 American Benchmark West Texas Intermediate Wti Was At Usd75 86 Per Barrel Same Time , A 0 86 Percent Gain From The Previous Session 39s Trade Closure Of Usd75 21 Per Barrel Oil Prices Started New Year Ona Positive Note With Libya Announcement On Saturday Production Cuts Around 200 , 000 Barrels Of Crude Oil Starting Tuesday Due To Maintenance On The Main Pumping Line Connecting Fields Samah And Al It Was Good News For Market Amid Uncertainties From Omicron Variant Covid 19 As Daily Cases Surpassed 345 , 000 In The Us , He Top Infectious Disease Expert Of The Country , Anthony Fauci , Arned Of The Danger Ofa Surge In Hospitalizations Due Toa Large Number Coronavirus Cases , Espite Early Data Indicating That The Omicron Covid 19 Variant Is Less Severe On Sunday , More Than 3 , 600 Flights Were Canceled Around The World , Ore Than Half Of Which Originated In The Us These Cancelations Added To Toll Christmas Travel Disruptions Caused By Omicron Variant , Ccording Toa Running Tally On The Tracking Website Flightaware Com More Than 6 , 400 Flights Were Delayed , Ncluding Those That Were Delayed But Not Canceled Investors Are Also Keeping An Eye On The Meeting Of Producers Opec Group And Its Allies , Nown As Opec , N Jan 4 The Group Will Determine Whether Or Not To Boost Output By 400 , 000 Barrels Per Day Bpd In February Their Previous Meeting , Pec Producers Agreed To Adhere The Planned Output Scheme , Espite Calls From Several Countries ,