Oil extends surge to 25.00%

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Source: Dukascopy Bank SA




During Tuesday's trading hours, the prices for crude oil surged, as gains in price benchmarks almost reached 3.00%.

Since December 01, the prices for crude oil had regained 25.00%, as a recovery of demand and OPEC+ supply manipulation boosted prices. Namely, the impact of the Omicron variant has been observed to have low impact, as OPEC+ decided to increase supply less than expected.
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Wed, 12 Jan 2022 13:10:24 GMT

Philips stock price plummets

On Wednesday, the stock price of Philips plummeted by 16.00%. The stock price erased all December gains and reached below the 29.00 EUR mark. The decline occurred, as the company announced that shortages and recalls had impacted profits. Namely, fourth-quarter profits were set to decrease by 40.00% or 650 million Euros.

Tue, 11 Jan 2022 09:50:54 GMT

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