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Brent futures in London climbed 2.9% to their highest since early September after encouraging vaccine trial results. Oil extended gains after an industry-funded report showed U.S. crude inventories fell by 5.15 million barrels last week, with gasoline and distillate stocks also down.
Lower US crude and fuel inventories tighten near-term supply, supporting prices, though the move mainly extends the prior session's vaccine rally.
bloomberg.comAndres Guerra LuzNov 9, 2020Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
