Positive vaccine news helps oil price upwards
The likely removal of mobility restrictions over the coming months should further boost the oil demand and price recovery, one analyst says
23 February 2021 - 13:20
London — Oil prices rose on Tuesday, underpinned by the likely easing of Covid-19 lockdowns around the world, positive economic forecasts and lower output as US supplies were slow to return after a deep freeze in Texas shut down crude production.
Brent crude was up 87 US cents, or 1.3%, at $66.11 a barrel by 9.45am GMT, and US crude rose 68c, or 1.1%, to $62.38 a barrel...
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