Oil prices rise on UK vaccine approval

Signs Opec+ may maintain output cuts also helped raise prices

Oil price: Brent crude oil futures settled up 83 cents, or 1.75%, at $48.25 a barrel — Oil price: Brent crude oil futures settled up 83 cents, or 1.75%, at $48.25 a barrelPhoto: REUTERS/SCANPIX

Reuters

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Published 2 December 2020, 22:46Updated 2 December 2020, 22:46