Oil prices shrugged off a large implied slump in U.S. gasoline consumption last week and rallied on Thursday morning amid continued unrest in oil-rich Kazakhstan. As of 9:55 a.m. EST on Thursday, WTI Crude prices had topped $80 a barrel and traded at $80.05, up 2.85%. Brent Crude was up by 2.26% to $82.
59. Both benchmarks were trading at their highest level since the end of November before the emergence of the Omicron COVID variant spooked markets. Oil extended on Thursday gains from the previous three sessions, despite the fact that the U.S. Energy…Oil Rallies Amid Worsening Unrest In Crude Producer Kazakhstan
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