Oil rises, as investors focus on vaccine rollout, brush off recovery concerns

Oil rises, as investors focus on vaccine rollout, brush off recovery concerns
WESPECH PTE LTD
8 Eu Tong Sen Street #14-94, The Central, Singapore (059818)
+65 315 904 24

17.12.2020

MOSCOW (MRC) -- Oil prices rose on Tuesday as investors focused on the rollout of COVID-19 vaccines, looking past tightening lockdowns in Europe and forecasts for a slower-than-expected recovery in fuel demand, reported Reuters.Brent crude settled at USD50.76 a barrel, rising 47 cents, or 0.9%. US West Texas Intermediate (WTI) crude settled at USD47.62 a barrel, gaining 1.3%, or 63 cents.

Full article at mrcplast.com

Back

news