Oil extends rally on supply tightness, Brent at more than 3-year high

January 17, 2022 9:33 AM

TOKYO (REUTERS) – Oil prices rose on Monday (Jan 17), with Brent crude futures at their highest in more than three years, as investors bet supply will remain tight amid restrained output by major producers with global demand unperturbed by the Omicron Covid-19 variant.

Source : https://www.straitstimes.com/business/companies-markets/oil-extends-rally-on-supply-tightness-brent-at-more-than-3-year-high