U.S. West Texas Intermediate and international-benchmark Brent crude oil futures are edging higher
after posting its biggest rally in six months the previous session.
Reuters is reporting that oil traders rushed to unwind a bevy of bearish bets after Pfizer announced promising results for its COVID-19 vaccine, shaking up energy markets that were primed for demand to sink into the winter on increased lockdowns and rising coronavirus infections.
WTI crude oil is trading $41 its up (+0.71%)
after posting its biggest rally in six months the previous session.
Reuters is reporting that oil traders rushed to unwind a bevy of bearish bets after Pfizer announced promising results for its COVID-19 vaccine, shaking up energy markets that were primed for demand to sink into the winter on increased lockdowns and rising coronavirus infections.
WTI crude oil is trading $41 its up (+0.71%)
