Oil firms as it heads for third weekly rise on vaccine optimism
Brent and WTI futures are both up more 4% for the week as the markets eye an upcoming Opec+ meeting
20 November 2020 - 13:25
London — Oil prices firmed on Friday, and were on track for a third consecutive weekly rise, buoyed by successful Covid-19 vaccine trials, but renewed lockdowns in several countries to limit the spread of the virus capped gains.
Prospects for effective Covid-19 vaccines and hopes that oil cartel Opec and its allies, including Russia (Opec+), will keep production in check have bolstered oil markets this week...
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