Oil rallies past 8-month high on US crude inventory draw

Vaccine hopes also help boost prices

Oil price: Brent crude rose 75 cents, or 1.6%, to settle at $48.61 a barrel — Oil price: Brent crude rose 75 cents, or 1.6%, to settle at $48.61 a barrelPhoto: REUTERS/SCANPIX

Reuters

US Americas North America

Published 25 November 2020, 22:40Updated 25 November 2020, 22:40

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In a world awash with information, Upstream helps readers filter out the noise and zero in on what matters in the international energy industry. For nearly three decades, we have been the go-to source for independent news and analysis of the major oil and gas projects shaping the industry and the people behind them. In recent years, we also have chronicled the industry’s efforts to transition to cleaner energy sources.

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