Oil Prices Up on Vaccine and Tanker Blast in Saudi Arabia
Oil prices were up on Monday, pushing Brent back above $50 a barrel. It was supported by hopes that a rollout of COVID-19 vaccines will lift global fuel demand. At the same time, a tanker explosion in Saudi Arabia jangled nerves in the market. By 0730 GMT, Brent crude futures for February rose 67 cents, …
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