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...
Would you like to comment on this article?
Register (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Commenting is subject to our house rules.
BL Premium
This article is reserved for our subscribers.
A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
Already subscribed? Simply sign in below.
Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now