Coronavirus: Oil prices rise on positive forecasts
Image source: GhanaWeb

Coronavirus: Oil prices rise on positive forecasts


Summary short_text

"Vaccine news is helping oil, as the likely removal of mobility restrictions over the coming months on the back of vaccine rollouts should further boost the oil demand and price recovery," said UBS oil analyst Giovanni Staunovo.
Commerzbank analyst Eugen Weinberg said optimistic oil price forecasts issued by leading U.S. brokers had also contributed to the latest upswing in prices.


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