Oil prices rise as fighting intensifies in Eastern Europe
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OPEC sees Omicron’s impact as mild and short-lived, maintaining its output increase target and support oil prices. A drone attack by Yemen’s Houthi militants on important oil facilities in the United Arab Emirates has disrupted oil supplies, raising market concerns about oil supplies. The looming war between Ukraine and Russia continued to boost oil prices.
The trend of USOil can pay attention to the Wednesday’s IEA monthly crude oil market report, Thursday’s API crude oil inventory data, Friday’s EIA crude oil inventory data, and the progress of the war in Eastern Europe during the day, which will affect the trend of USOil. Investors must seize the opportunity to place orders.
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