Oil edges up on likely Opec+ supply cuts and vaccine news
An Opec+ panel sees weaker oil demand in 2021 as producers mull an oil cut extension
17 November 2020 - 13:29
London — Oil prices edged up on Tuesday helped by expectations that oil cartel Opec and its allies, including Russia (Opec+) would tighten supplies next year, and supported by news of a second possible Covid-19 vaccine.
Brent crude rose 13c, or 0.3%, to $43.95 a barrel by 9.58am GMT and US West Texas Intermediate (WTI) crude was up 10c, or 0.2%, at $41.44 a barrel...
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