Oil eases but is still set for sixth week of gains on vaccine confidence
A big jump in US crude stockpiles last week served as a reminder that there is still plenty of supply available, but this was all but ignored
11 December 2020 - 13:01
London — Oil prices eased on Friday but were set for a sixth week of gains, as the rollout of coronavirus vaccination programmes fed hopes that demand for fuel would rebound in 2021.
Brent was down 19c or 0.4% at $50.06 a barrel by 9.46am GMT, after rising above $51 a barrel on Thursday to an early-March high. US West Texas Intermediate (WTI) oil was down 11c, or 0.2%, at $46.67 a barrel, having risen almost 3% in the previous session...
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