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Oil reached an 11-week high after Pfizer reported its COVID-19 vaccine was 95% effective and hopes grew that OPEC+ would delay a planned output increase. WTI settled at $41.82 and Brent rose to $44.45, helped by a smaller-than-expected US crude stock build.
Expected OPEC+ supply restraint and firmer demand outlook support crude, which lifts energy and freight costs across feed supply chains.
cnbc.comReutersNov 18, 2020Not 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.
