Wednesday, December 18, 2024
Oil set for third week of gains on vaccine hopes- oil and gas 360

Oil set for third week of gains on vaccine hopes

Reuters NEW YORK – Oil prices edged higher on Friday, on track for a third consecutive weekly rise, buoyed by successful COVID-19 vaccine trials, while renewed lockdowns in several countries to limit the spread of the coronavirus capped gains. Brent crude futures rose 36 cents to $44.56 a barrel by 10:38 a.m. EDT (1538 GMT). The more active U.S. West