Oil is making surprising gains due to promising Corona vaccines
Oil prices rose today, Friday, to consolidate strong gains, as it witnessed Brent crude exceeding $ 50 for the first time, for the first time since March, and it was found that implementing programs to immunize from the Corona virus, will contribute to increasing demand for oil.
According to the "24 news site", Brent crude rose 30 cents. That is equivalent to 0.6% to $ 50.55 a barrel, by 07:52 GMT, after having gained about 3% on Thursday.
While US crude rose 31 cents, or 0.7%, to $ 47.09 a barrel. To $ 47.09 a barrel, after also increasing nearly 3% in the previous session.
It seems that the two crude are heading towards achieving gains, for the sixth week in a row, and the reason for this is the results of experiments on promising Corona vaccines.
emarat-news
