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Brent Oil - Oil Advances From 12-Week High on U.S. Vaccination Optimism
Oil touched its strongest level since early September as signs that Covid-19 vaccinations in the U.S. could be underway within three weeks improved the demand outlook.
Oil prices advance on the prospect of COVID-19 vaccine
Brent crude futures rose 21 cents, or 0.5%, to $45.17 a barrel by 0436 GMT while US West Texas Intermediate crude gained 10 cents, or 0.2%, to $42.52 a barrel. Both benchmarks jumped 5% last week.
Oil rises on vaccines, gold consolidates
Oil continues to rise on consumption hopes Oil shrugged off the profit-taking seen in other asset classes on Friday and continued to consolidate at the top of its November ranges. Hopes that vaccines ...
Barclays keeps 2021 oil price outlook, supported by vaccine boost
Barclays kept its "above consensus" 2021 oil price forecasts on Monday, predicting Brent at $53 a barrel based on output discipline by OPEC and its allies, and based on a potential COVID-19 vaccine ...
Oil prices extend gains on COVID vaccine hopes, Mideast tensions
Oil prices rose 1% on Monday, extending gains as traders eyed a recovery in crude demand due to successful coronavirus vaccine trials, and concerns over tensions in the Middle East.