Oil costs settle larger a day forward of the OPEC+ month-to-month assembly

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Oil futures settled higher on Monday, with main oil producers often called OPEC+ broadly anticipated to stay to their plan to boost month-to-month crude manufacturing by 400,000 barrels per day once they meet on Tuesday. “Although omicron instances proceed to climb in key geographies, the absence of widespread lockdown restrictions will possible preserve close to time period [oil] demand considerations in examine,” analysts at RBC Capital Markets, led by Helima Croft, wrote in a Monday word. February West Texas Intermediate crude
CLG22,
+1.18%

rose 87 cents, or 1.2%, to settle at $76.08 a barrel on the New York Mercantile Trade.

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