Oil soars to highest level in nine months
This is Brent's highest since a Saudi Arabia-Russia price war, just as demand plunged due to the pandemic in March
24 November 2020 - 12:01
London — Oil hit its highest since March on Tuesday, rising towards $47 a barrel, as a third promising coronavirus vaccine spurred hopes of a quicker recovery in economic growth and oil demand in 2021.
AstraZeneca said on Monday its Covid-19 vaccine was 70% effective in trials and could be up to 90% effective, giving the fight against the pandemic a third vaccine. This follows positive results from Pfizer/BioNTech and Moderna...
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