$Rex Intl(5WH.SG)$ Oil markets are increasingly bullish as analysts ar...

$Rex Intl(5WH.SG)$
Oil markets are increasingly bullish as analysts argue that the impact of Omicron on global oil demand will be limited due to the absence of widespread lockdowns.

Oil demand remained solid in Dec, essentially trending on par with Nov levels, whilst global manufacturing activity strengthened globally amidst easing supply chain bottlenecks. Brent crude traded above USD80.