Oil rises as Trump signs US coronavirus aid package
Brent crude rose 0.8% and US West Texas Intermediate crude added 44c
28 December 2020 - 12:49
London — Oil rose towards $52 a barrel on Monday as US President Donald Trump’s signing of a coronavirus aid package and the start of a European vaccination campaign outweighed concern about weak near-term demand.
Brent crude rose 41c, or 0.8%, to $51.70 a barrel at 9.26am GMT, reversing an earlier decline. US West Texas Intermediate (WTI) crude added 44c, or 0.9%, to $48.67...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.