Oil keeps inching up on hopes a coronavirus vaccine rollout will lift fuel demand
Prices have rallied for six consecutive weeks, their longest stretch of gains since June
14 December 2020 - 07:50
Singapore — Oil prices rose on Monday, pushing Brent back above $50 a barrel, buoyed by hopes that a rollout of coronavirus vaccines will lift global fuel demand, while an extension of Brexit talks eased jitters on that front for now.
Brent crude futures for February rose 8c, or 0.2%, to $50.05 a barrel by 3.37am, while US West Texas Intermediate crude futures for January were up 4c, or 0.1%, at $46.61 a barrel...
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