Oil perks up on weaker dollar and Covid-19 vaccines
International Energy Agency warns Covid-19's shattering blow to global oil demand will not be reversed quickly
16 December 2020 - 16:50
London — Oil prices edged higher on Wednesday on a weakening dollar and progress on the rollout of Covid-19 vaccines, though gains were capped by a surprise gain in US crude inventories and tighter coronavirus lockdowns in Europe.
Brent crude futures rose 25c, or 0.5%, to $51.01 a barrel. US West Texas Intermediate (WTI) crude futures were up 21c, or 0.4%, at $47.83...
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