MOSCOW (Sputnik) – Global oil prices continued to rebound on Tuesday, with Brent crude trading at the highest level since March, gaining over 1 percent since Tuesday morning.
Crude has rallied throughout November amid positive COVID-19 vaccine news from various countries. On Monday, UK-based AstraZeneca announced that its vaccine was up to 90 percent effective. Earlier this month, Moderna, Pfizer and BioNTech reported on successful preliminary results of their vaccines’ trials.
In the meantime, Russia’s Gamaleya National Research Centre for Epidemiology and Microbiology also announced the efficacy of its newly-developed inoculation, topping 95%, with the latter uplifting results shown 42 days after the first shot.
Specialist Michael McDonnell is reflected in a screen at his post on the floor of the New York Stock Exchange, Friday, March 20, 2015.
February futures traded at almost $46.50 per barrel, an increase of around 1 percent from the day before, while January futures rose some 0.8 percent to $46.44 and December WTI futures grew 1.14 percent to $43.53.
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