Oil Slips From Nine-Month High With Markets in Risk-Off Mode

12/7/2020

The future path of crude prices now looks to be heavily dependent on how quickly Covid-19 vaccines can be rolled out, with indications most Americans will be able to get one by the second quarter of 2021. The oil market will see better days in 2021, but it still has to overcome a short-term hurdle for a couple of months until demand picks up, and may constrain prices for the time being, say some analysts. WTI is $45.88; Brent is $48.66

Source: Bloomberg.com - By: Sharon Cho and Alex Longley - Image: Angus Mordant

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