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Oil prices gain as Covid-19 vaccine hopes outweigh lockdown impact

Brent crude futures rose 53 cents, or 1.3%, to $42.93 by 1435 GMT, while U.S. West Texas Intermediate (WTI) crude futures gained 54 cents, or 1.3%, to $40.83

Topics
Oil Prices | Coronavirus Vaccine

Reuters 



crude oil prices
OPEC+ agreed to cut supply by 7.7 million barrels per day (bpd) from August through December and then ease the cuts by about 2 million bpd in January

rose on Tuesday as hopes that a Covid-19 vaccine could be on the horizon outweighed the expected negative impact on fuel demand from new lockdowns to contain the virus.

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First Published: Tue, November 10 2020. 21:13 IST

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