Thanksgiving Thursday Brings An End To The Oil Rally ...Middle East

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Thanksgiving Thursday Brings An End To The Oil Rally
source : OILPRICE ( Middle East ) () 20
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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