OPEC + set to extend oil cuts due to slow recovery in demand for fuel from vaccines – New Europe

OPEC + set to extend oil cuts due to slow recovery in demand for fuel from vaccines – New Europe

Oil prices hit their highest level in more than eight months on November 25, fueled by continued hope that demand for energy will recover once a COVID-19 vaccine becomes available. Brent rose 75 cents, or 1.6%, to $ 48.61 a barrel, its highest level since early March, Reuters reported, adding that U.S. West Texas Intermediate […]

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