BREAKING: Oil Starts New Year With Gains, Hits $78.34 pb Ahead OPEC Meeting

Analysts lower 2022 oil price forecast despite bullish start as Omicron curbs travel Oil prices firmed on Monday as the market kicked off 2022 on a positive note with suppliers in focus ahead of Tuesday’s OPEC+ meeting. A report by Reuters sighted by Platforms Africa, which showed this bullish trading on the first transaction after the New Year holiday, added that this gain was recorded “although surging COVID-19 cases continued to dent demand sentiment.” Brent crude added 56 cents, or 0.72%, to $78.34 a barrel, as of 0710 GMT. U.S.…

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