Oil soars on vaccine hopes, weaker dollar

Oil soars on vaccine hopes, weaker dollar

Oil prices soared on Wednesday as news about COVID-19 vaccines raised investors’ hopes for a recovery in fuel demand and the US dollar, in which oil is traded, hit a low of 2 years and a half. Brent rose 51 cents, or 1%, to $ 49.35 a barrel at 2:05 p.m. GMT. US West Texas […]
The post Oil soars on vaccine hopes, weaker dollar appeared first on USNewsRank.

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