Rising optimism: The sun is seen behind a crude oil pump jack in the Permian Basin in Loving County, Texas. The prospect of imminent drug rollouts is reshaping the oil futures curve. — Reuters
SINGAPORE: Oil extended gains after closing at the highest level since August on signs Covid-19 vaccines could be rolled out within weeks and as the start of the United States presidential transition process aided markets in general.
Futures in New York rose around 1% after settling above US$43 a barrel on Monday.
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