Oil prices dipped on Thanksgiving Thursday, slipping from seven-month highs as Baker Hughes reported another increase in the number of available rigs The price rally of the last few days pushed oil prices to seven-month highs, largely on the back of positive Covid-19 vaccine news that promises to hoist oil demand. Traders remain hopeful that the strong efficacy of several vaccine manufacturers will quickly increase oil demand, which has slumped since March as a direct result of the slump in activity due to lockdowns throughout the world. …
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