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Oil Market Conditions: WTI Oil Closes 41 Cents Positive, Response to CDC

New York’s West Texas Intermediate Crude Oil (WTI) ended positive for the fifth day on Wednesday after the US Centers for Disease Control issued a recommendation for the government to shorten the quarantine period. Americans infected with COVID-19 asymptomatic This news helps investors to allay concerns about the situation of the Covid-19 epidemic. He is confident that the Omicron virus will not affect the economy and oil demand.

The WTI crude oil contract was delivered in February. It was up 41 cents, or 0.5%, at $75.98 a barrel.

The Brent crude oil contract (BRENT) delivered in Feb. It was up 34 cents, or 0.4%, at $78.94 a barrel.

Analyst from Mizuho Company Securities USA said crude oil contracts rebounded. After the US Centers for Disease Control and Prevention (CDC) issued a recommendation for the government to shorten the time to quarantine Americans infected with COVID-19. Asymptomatic symptoms have been reduced to just 5 days from 10 days, and it is recommended that infected people wear masks at all times during the remaining five days when living with others.

At the same time, the CDC recommends that those who have received the booster needle vaccine should There is no need to quarantine after being found infected. The CDC’s director of quarantine, Rochelle Walenski, said: It is a result of what we know about the virus epidemic and how it is prevented by vaccinations and boosters.”

Investors keep an eye on the meeting of the Organization of the Petroleum Exporting Countries (OPEC) and its allies. or OPEC Plus on January 4, 2022 to consider the production policy for February 2022

Investors will also keep an eye on the US Energy Information Administration (EIA) crude stock report, which is scheduled to be released today at 10:30 p.m. Thai time.


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