Oil rallies as hopes of Covid-19 vaccine offset rising US crude stocks

Belief Opec+ will continue production cuts into 2021 also helps bolster prices in four-day rally

Continued rally: oil prices rose for a fourth straight session on Wednesday on hopes a Covid-19 vaccine could help rekindle demand — Continued rally: oil prices rose for a fourth straight session on Wednesday on hopes a Covid-19 vaccine could help rekindle demandPhoto: AFP/SCANPIX

Reuters

USA Opec+Russia United States American Petroleum Institute

Published 25 November 2020, 04:16Updated 25 November 2020, 04:16