Oil prices steady at nine-month high on vaccine confidence
Prices were also buoyed this week from weekly US supply data showing crude inventories fell by 3.1-million barrels
18 December 2020 - 12:12
London — Oil steadied near a nine-month high on Friday on track for a seventh weekly gain in a row as investors focused on the rollout of Covid-19 vaccines and looked past rising case numbers and tighter lockdowns in Europe.
Pfizer has applied for approval in Japan for its vaccine, which is being used in the UK and the US. The US Food and Drug Administration (FDA) is also working towards approving Moderna’s shot...
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