Permainan judi slot online terbaik

slot hoki terpercaya

  • About
  • Contact
  • Privacy Policy
  • bitcoinBitcoin$20,401.001.18%
  • ethereumEthereum$1,174.433.18%
  • xrpXRP$0.3315872.94%
  • bitcoin cashBitcoin Cash$105.350.64%
Cryptovibes.com - Daily Cryptocurrency and FX News
  • Home
  • News
  • Analysis
  • Crypto
  • Autotrading
    • Bitcoin Robot Guide
    • Bitcoin Future
    • Bitcoin Millionaire Pro
    • Bitcoin Pro
    • Bitcoin Loophole
    • Bitcoin Up
    • Bitcoin Storm
    • Bitcoin SuperSplit
    • Bitcoin Supreme
    • Bitcoin System
    • Bitcoin Fortress
    • Immediate Edge
    • Bitcoin Profit
    • Bitcoin Trader
    • Bitcoin Bank
    • Bitcoin Union
    • BitQT
    • Bitcoin Prime
    • Profit Compass
    • Bitcoin Champion
    • Bitcoin Optimizer
    • PBN Invest
    • Quantum AI
    • Celebrities
      • Teeka Tiwari Investment plan
      • Kate Winslet Bitcoin
      • Holly Willoughby Bitcoin
      • Ant McPartlin Bitcoin
      • Nicole Kidman Bitcoin
      • James McAvoy Bitcoin
      • Jim Davidson Bitcoin
      • Peter Lim Bitcoin
      • Jonathan Ross Bitcoin
      • Bear Grylls Bitcoin
      • Phillip Schofield Bitcoin
      • Mike Hosking Bitcoin
      • Ryan Reynolds Bitcoin
      • Dick Smith Bitcoin
    • Broker Reviews
      • Herdos Review
      • FXTB Review
  • Disclaimer
  • PR
No Result
View All Result
Cryptovibes.com - Daily Cryptocurrency and FX News
No Result
View All Result

Oil Prices Rally Amid COVID Vaccine Rollouts

John Wanguba by John Wanguba
December 11, 2021
in FX Industry
Reading Time: 3min read
Oil Prices Rally Amid COVID Vaccine Rollouts

On December 11, 2021, oil extended gains as Brent added profits to top $50 for the first time since March. The rollout of COVID vaccination programs increased hopes that demand for fuel would rebound in the coming year.

Brent oil was up by 30 cents, which translates to about 0.6% to trade at $50.55 per barrel by 0752 GMT. The slight uptick adds to the nearly 3% that the market gained on December 10. United States oil was up by 31 cents or about 0.7% to trade at $47.09 per barrel after also gaining nearly 3% in the previous session.

The benchmarks are set for a 6th continuous week of gains as the promising vaccine trials helped beat the gloom over record increases in the rate of new infections and deaths throughout the world due to the health crisis.

Notably, the UK started inoculations earlier in the week, and the US may start vaccinations as early as the coming weekend. On December 9, Canada approved its first vaccine with initial shots expected to become available sometime next week. A senior market analyst at OANDA, Edward Moya, said:

“Crude prices are surging in anticipation of the FDA’s potential approval of Pfizer’s vaccine, as Asia’s economic recovery is making Chinese and Indian refiners acquire more oil.”

External advisers for the U.S. Food and Drug Administration (FDA) have already voted to endorse the emergency use of Pfizer’s vaccine. That has paved the way for the agency to authorize its use to inoculate a nation that has lost over 285,000 lives to COVID-19.

Oil Demand Is Rising

A spike in the United States crude stockpiles served as a significant reminder that there is still a lot of supply available. However, all that was ignored as the bulls ran via the market this week.

They were quite encouraged by signs that Asian demand is strong, with India’s largest refiner stating that it was already operating at 100% capacity of all its nine units for the first time since early in the year. Moya said:

“It seems the impending lockdowns across the U.S. and the potential hit to crude demand is being compensated by improving trends across Brazil, the UK, and most of Asia.”

Like what you're reading? Subscribe to our top stories
Tags: brent oilcrude futurescrude marketcrude oilcrude pricesoil marketoil price analysisoil pricesU.S. West Texas Intermediate (WTI) crude

Related Posts

Europe’s Risk Of Recession Grows Amid Fears Russia May Turn Off Gas Supplies
Analysis

Europe’s Risk Of Recession Grows Amid Fears Russia May Turn Off Gas Supplies

July 5, 2022
BP Acquires 40% Of US$30B Pilbara Renewable Energy Project
FX Industry

BP Acquires 40% Of US$30B Pilbara Renewable Energy Project

June 17, 2022
BP To Assess North Sea Investments After Windfall Tax Was Unveiled
FX Industry

BP To Assess North Sea Investments After Windfall Tax Was Unveiled

May 30, 2022
Facebook Twitter Instagram Telegram RSS Youtube

Newsletter

Like what you're reading? Subscribe to our top stories
situs qq online terpercaya
probola
Menyajikan live score bola terkini
www.jamberrynails.net
adtoken.com
Agen bola
judi online slot
daftar judi slot terbaru
situs BandarQQ Online
Situs judi online Terpercaya
poker online
judi bola
slot pragmatic
situs judi bola
situs judi bola
pragmatic play
judi bola
Situs Slot TOS885

Copyright © 2017-2019 Cryptovibes.com. Price data provided by our official partner CoinGecko.

No Result
View All Result
  • Home
  • Crypto news
  • Analysis
  • Editors’ Choice
  • Entertainment
  • Press Releases
  • ICO
  • Wisdom
  • Coins List
  • Advertising
  • About FXTimes
    • Privacy Policy
    • Terms of Use
    • Donate

Copyright © 2017-2019 Cryptovibes.com. Price data provided by our official partner CoinGecko.

Situs sbobet resmi terpercaya. Daftar situs slot online gacor resmi terbaik. Agen situs judi bola resmi terpercaya. Situs idn poker online resmi. Agen situs idn poker online resmi terpercaya. Situs idn poker terpercaya.

situs idn poker terbesar di Indonesia.

List website idn poker terbaik.
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.