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Oil prices jumped by more than $1 on Tuesday, underpinned by optimism over COVID-19 vaccine rollouts and lower output as U.S. supplies were slow to return after a deep freeze in Texas shut in crude ...
Brent crude was up 87 cents, or 1.3%, at $66.11 a barrel by 0945 GMT, and U.S. crude rose 68 cents, or 1.1%, to $62.38 a barrel. “Vaccine news is helping oil, as the likely removal of mobility ...
Crude oil has bounced back sharply after a brief correction and may remain firm ahead of the inventory report which will give clarity on demand-supply impact from a recent cold snap in the US.
Crude oil futures secured further gains on Tuesday, with both global benchmark Brent and US West Texas Intermediate (WTI) climbing to the highest levels since January 2020. Brent for April settlement ...
Oil rose toward $63 a barrel with investment banks and traders predicting the market will tighten further and push prices higher.