Oil keeps rising on hopes for recovery in crude demand, but new lockdowns cap gains
Hopes that Opec+ will keep crude output in check also boosted sentiment
23 November 2020 - 07:42
Singapore — Oil prices extended gains on Monday as traders eyed a recovery in crude demand thanks to successful coronavirus vaccine trials, though prices were contained by renewed lockdowns in several countries.
Sentiment was also bolstered by hopes that Opec, Russia and other producers, a group known as Opec+, will keep crude output in check...
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