Morning Oil Report 05/01/2022

At 10:05 am Singapore time (0205 GMT), the ICE March Brent futures contract was down 27 cents/b (0.34%) from the previous close at $79.73/b, while the NYMEX February light sweet crude contract was down 24 cents/b (0.31%) at $76.75/b.   OPEC and its Russia-led partners Jan. 4 approved another hike in production quotas, betting the …