Crude prices are recording strong gains for the second consecutive session since the beginning of the week and before the opening of the American markets today, Tuesday, the seventh of December, as Brent crude gains exceeded 7%, after its gains yesterday, by about 4.60%, and it is now trading at levels of $75.11  , rising today by 2.78%, while crude is trading The American (NYMEX) at levels of $71.85  , gained 3.40% today, while it recorded gains in the opening session of the week yesterday, Monday, which amounted to 4.90% at the close.

Crude prices have benefited since the beginning of the American session yesterday, Monday, from the positive news about the Omicron mutator and the increase in risk appetite in the markets, to extend the crude from its gains today, after reports from South Africa stated that despite the increase in cases of infection in South Africa with the new strain, the infection is considered light compared to With the previous delta strain, it’s too early to draw the final conclusions, but they feel comfortable and the risk appears to be much lower than expected.

On the other hand, support for the disruption of the informal talks between the United States of America and Iran, according to the sources, is crude prices, as any delay or disruption of these discussions will postpone the return of Iranian oil to the market, which supports crude prices.

During the American session today, Tuesday, the markets are awaiting the preliminary report from the American Petroleum Institute for weekly stocks, before the official report from the US Energy Information Administration tomorrow, Wednesday.