{"id":3795,"date":"2022-01-04T17:43:33","date_gmt":"2022-01-04T21:43:33","guid":{"rendered":"https:\/\/energiesnet.com\/espanol\/?p=3795"},"modified":"2022-01-04T17:43:37","modified_gmt":"2022-01-04T21:43:37","slug":"p-saefong-marketwatch-brent-oil-settles-at-80","status":"publish","type":"post","link":"https:\/\/energiesnet.com\/espanol\/p-saefong-marketwatch-brent-oil-settles-at-80\/","title":{"rendered":"P. Saefong\/MarketWatch -Brent oil settles at $80"},"content":{"rendered":"\n

as OPEC+ sticks with its output plan despite omicron risk to demand<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

By Myra P. Saefong and William Watts\/MarketWatch<\/p>\n\n\n\n

SAN FRANCISCO
EnergiesNet.com 01 04 2022<\/p>\n\n\n\n

Oil futures rose on Tuesday, with global benchmark Brent crude at $80 a barrel for its highest close in almost six weeks.<\/p>\n\n\n\n

Major oil producers known as OPEC+ said they would stick to their plan to gradually boost output next month, despite risks to oil demand tied to the spread of the omicron variant of the coronavirus.<\/p>\n\n\n\n

The consortium is \u201cstaying the course with its original plan\u201d and \u201cmaintaining the linear growth path it has been adhering to for months,\u201d said Stewart Glickman, energy equity analyst at CFRA Research.<\/p>\n\n\n\n

After a meeting via videoconference Tuesday, OPEC and its allies, together known as OPEC+, announced that they would continue<\/a> their agreement to raise monthly production by 400,000 barrels a day in February, as expected.<\/p>\n\n\n\n

\u201cThis is arguably vindication for not changing course despite the arrival of omicron,\u201d Glickman told MarketWatch. \u201cWhen this variant arrived in late November, there was some concern that perhaps omicron would materially affect demand,\u201d and Brent prices dropped about 10%, but Brent has since recovered. <\/p>\n\n\n\n

The group\u2019s next meeting is set for Feb. 2.<\/p>\n\n\n\n

The additional supply from OPEC+ is a signal that there is \u201ccontinued cohesion within the producer group that oil demand will continue to grow despite the recent omicron variant causing some restrictions,\u201d said Peter McNally, vice president and global lead for industrials materials and energy at Third Bridge.<\/p>\n\n\n\n

Against that backdrop, March Brent crude\u00a0<\/strong>BRN00,\u00a00.05%<\/a>\u00a0BRNH22,\u00a00.05%<\/a>\u00a0rose $1.02<\/span>,<\/strong> or 1.3%, to settle at $80<\/span> <\/strong>a barrel on ICE Futures Europe after touching a high at $80.55. The settlement was the highest for a front-month contract since Nov. 25, according to Dow Jones Market Data.<\/p>\n\n\n\n

West Texas Intermediate crude for February delivery\u00a0CL00,\u00a01.26%<\/a>\u00a0CLG22,\u00a01.26%<\/a>,\u00a0the U.S. benchmark, rose 91 cents<\/strong><\/span>, or 1.2%, to settle at $76.99<\/span><\/strong> a barrel on the New York Mercantile Exchange.<\/p>\n\n\n\n

The demand outlook for oil \u201cremains positive as the less lethal omicron variant is having a modest impact on near term demand and is likely to accelerate the increase in herd resistance to the coronavirus,\u201d Jay Hatfield, chief investment officer at Infrastructure Capital Management in New York, told MarketWatch.<\/p>\n\n\n\n

Still, the biggest \u201cwild cards\u201d for oil are \u201csupply-focused,\u201d said Glickman.<\/p>\n\n\n\n

\u201cGeopolitical intrigue between Russia and Ukraine raises the possibility that Russia could reduce natural gas and\/or oil exports to Europe \u2014 or at least threaten to do so,\u201d he said.<\/p>\n\n\n\n

There\u2019s also the possibility that \u201csanctions are lifted from Iran could bring Iranian barrels back to market and could weigh on oil prices,\u201d he said. \u201cWe could see the Biden administration angling for the latter if for no other reason than providing quicker relief to high prices at the pump.\u201d<\/p>\n\n\n\n

On Nymex Tuesday, February gasoline futures<\/strong>\u00a0RBG22,\u00a01.05%<\/a>\u00a0tacked on 0.9% to $2.276<\/span><\/strong> a gallon, while February heating oil\u00a0<\/strong>HOG22,\u00a02.25%<\/a>\u00a0added 2.2% to $2.41<\/span><\/strong> a gallon.<\/p>\n\n\n\n

February natural gas\u00a0<\/strong>NGG22,\u00a0-1.78%<\/a>\u00a0settled at $3.717<\/strong> <\/span>per million British thermal units, down 2.6% after climbing by 2.3% on Monday.<\/p>\n\n\n\n

<\/p>\n\n\n\n

<\/p>\n\n\n\n

By Myra P. Saefong and William Watts from MarketWatch
marketwatch.com<\/a> 01 04 2022 <\/p>\n","protected":false},"excerpt":{"rendered":"

as OPEC+ sticks with its output plan despite omicron risk to demand By Myra P. Saefong and William Watts\/MarketWatch SAN FRANCISCOEnergiesNet.com 01 04 2022 Oil futures rose on Tuesday, with global benchmark Brent crude at $80 a barrel for its highest close in almost six weeks. Major oil producers known as OPEC+ said they would …<\/p>\n

P. Saefong\/MarketWatch -Brent oil settles at $80<\/span> Leer m\u00e1s »<\/a><\/p>\n","protected":false},"author":2,"featured_media":3797,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"site-sidebar-layout":"default","site-content-layout":"default","ast-global-header-display":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","footnotes":""},"categories":[45],"tags":[],"class_list":["post-3795","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-noticias-diarias"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t