Wednesday 10 February 2021

Oil in longest rally in two years as vaccines boost demand hopes | Reuters

Oil in longest rally in two years as vaccines boost demand hopes | Reuters

Oil rose, extending its rally for a ninth day, its longest winning streak in two years, supported by producer supply cuts and hopes vaccine rollouts will drive a recovery in demand.

Brent crude rose 38 cents to settle at $61.47 a barrel, while U.S. crude climbed 32 cents to settle at $58.68.

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