Saudi Aramco and other Middle East producers are expected to raise official selling prices for crude loading in January on the back of a higher Dubai structure. But traders said that OPEC+ output, a resurgence of COVID-19 infection and the new Omicron variant could lead to moderate price increases on the back of cooling demand cues. Sources said that Saudi Aramco and other Middle East producers could raise prices by between 50 cents/b and $1.20/b across all Asia-bound grades. The discovery of Omicron has stalled an increase in crude oil prices, and the release of strategic petroleum reserves by the US and other economies such as India and Japan has put importance on the next meeting of the OPEC+ alliance to discuss output. That meeting will take place on December 2nd to discuss January production levels.