Release of Covid-19 vaccines pushes oil to $49 a barrel
Oil gained even after the latest weekly report on US oil inventories showed a 15.2-million-barrel rise in crude stocks
10 December 2020 - 11:52
London — Oil rose above $49 a barrel on Thursday as hopes of a faster demand recovery after the release of Covid-19 vaccines offset a huge rise in US crude inventories that showed supply remains ample.
Britain began vaccinations this week and they could start as soon as this weekend in the US. Canada on Wednesday approved its first vaccine and said initial shots would be delivered starting next week...
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