Finance

Oil gains nearly 3% on vaccine hopes, even as nations reimpose lockdowns

Lockdowns would hurt demand but vaccine brings hope

Buying: Rising hopes about an effective Covid-19 vaccine boosted oil price and brought these oil market traders closer to a return to the floor
Buying: Rising hopes about an effective Covid-19 vaccine boosted oil price and brought these oil market traders closer to a return to the floorPhoto: REUTERS/SCANPIX
  • Reuters
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Published 10 November 2020, 21:43Updated 10 November 2020, 21:43