Brent crude futures settled up US25 cents to $51.34 a barrel, off the session high of $51.56 and well lower than the $66 price that started the year. U.S. West Texas Intermediate (WTI) crude settled up US40 cents to trade at $48.40, substantially down from about $62 at the start of 2020. 0File pic shows oil storage tanks in Cushing, Oklahoma.)
LONDON: Oil prices settled higher on Wednesday, supported by a draw in U.S. crude inventories and Britain's approval of a second coronavirus vaccine but pressured by swelling year-over-year supply.
Brent crude futures settled up US25 cents to $51.34 a barrel, off the session high of $51.56 and well lower than the $66 price that started the year.
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