Oil rises as U.S. vaccine progress raises demand expectations


SINGAPORE: Oil prices rose on Wednesday as signs of progress in the COVID-19 vaccine rollout in the United States, the world's biggest consumer, raised demand expectations.

U.S. West Texas Intermediate (WTI) crude futures rose 15 cents, or 0.25%, to $59.90 a barrel by 0757 GMT, recovering from three days of losses.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

crude oil , brent , WTI , Opec

   

Next In Business News

Indonesia intervenes to stem rupiah's slide after currency hits 4-year low
Top-notch brands make beeline for Shanghai
Oil prices rise on China growth, Middle East tensions
UK wage growth slows slightly as Bank of England mulls rate cuts
Amundi to get 26% stake in Victory in exchange for US business
Gold hovers near record high on growing geopolitical concerns
Asian shares slide on US rate cut rethink, Middle East worries
Industry tracker: Samsung returns to top of the smartphone market
OpenAI comes to Asia with new office in Tokyo
FBM KLCI slips further as equities rout continues

Others Also Read