Oil prices rose during trading today, Monday, following the release of positive news related to the Corona virus, but crude later trimmed its gains amid the dollar's rise against most major currencies after Brent traded at $ 46 higher for the first time in three months.
The company "AstraZenica" revealed today that the vaccine developed in cooperation with the University of "Oxford" may reach about 90% effectiveness in preventing Corona virus, and confirmed its ability to deliver 200 million doses of this vaccine by the end of this year.
On the other hand, the dollar index rose (against a basket of major currencies) by 17:03 GMT, by 0.2% to 92.6 points, and recorded the highest level at 92.8 points and the lowest level at 92.02 points.
In terms of trading, US Nymex crude futures for January delivery by 17:01 GMT rose 1.2% to $ 42.9 a barrel, and recorded the highest price at $ 43.3 and the lowest price at $ 42.2. “January delivery increased 2.1% to $ 45.9 a barrel, and the highest price was at $ 46.08 and the lowest price was at $ 44.8.
0 Comments