Oil climbs 4% on latest progress of Covid-19 vaccine

Oil climbs 4% on latest progress of Covid-19 vaccine

Oil prices jumped more than 4% on Monday, recouping losses from the previous session after Moderna Inc said its experimental vaccine was 94.5% effective in preventing COVID-19. Brent futures for January rose $ 1.79, or 4.2%, to $ 44.57 a barrel at 2:20 p.m. GMT, while U.S. West Texas Intermediate crude for December rose 1 […]

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