Oil rises amid vaccine optimism
Brent is stronger as demand recovery hopes due to vaccine rollouts support the market
03 March 2021 - 08:27
Singapore — Oil prices rose on Wednesday, boosted by demand hopes on progress made in US vaccine rollouts, while uncertainty over how much supply oil cartel Opec and its allied producers (Opec+) will restore to the market at its Thursday meeting and a big build in US crude stocks capped gains.
US West Texas Intermediate (WTI) crude futures rose 18c, or 0.3%, to $59.93 a barrel by 3.56am GMT, recovering from three days of losses...
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