Oil rises but both benchmarks will end 2020 down over 20%
Oil gained ground on the back of a weaker dollar, a decline in US crude oil inventories and as Britain approved another coronavirus vaccine
30 December 2020 - 12:45
London — Oil gained ground on Wednesday on the back of a weaker dollar, a decline in US crude oil inventories and as Britain approved another coronavirus vaccine, but both benchmark contracts were set to end 2020 about 20% lower.
Brent crude futures rose 45c to $51.54 a barrel by 10.01am GMT, having started the year above $66. US West Texas Intermediate (WTI) crude added 39c to trade at $48.39, down from around $62 at the beginning of 2020...
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