European benchmark Brent oil rebounds 5%

December 01, 2021: Europe's benchmark oil contract Brent North Sea rebounded sharply Wednesday from Omicron-driven losses and before a key OPEC output meeting.

Brent crude jumped 5.0 percent to $72.70 per barrel, while New York's WTI crude was up 4.7 percent at $69.32.

AFP/APP

Posted on: 2021-12-01T16:48:23+05:00

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