Oil climbs as US prepares to roll out Covid-19 vaccine
Inoculations could start as soon as this weekend, while Canada has also approved the Pfizer/BioNTech shot
10 December 2020 - 08:49
Melbourne — Oil prices rose in early trade on Thursday, buoyed by a Covid-19 vaccine rollout in Britain and the imminent approval of a vaccine in the US, which could spur a rebound in fuel demand, despite a large build in US crude stocks last week.
US West Texas Intermediate crude futures rose 23 US cents, or 0.5%, to $45.75 a barrel at 2am GMT, while Brent crude futures climbed 21c, or 0.4%, to $49.07 a barrel. Prices were little changed overnight...
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