Brent Oil - Oil Advances From 12-Week High on U.S. Vaccination Optimism
23-11-2020 02:52
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.
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