Sun, 2020-11-15 00:19
Oil prices registered a second weekly gain, even as the surge in COVID-19 cases worldwide tempered market optimism.
Both benchmark prices recovered above the $40 per barrel barrier. The week ended with Brent rising to $42.78 per barrel and WTI gaining to $40.13.
Earlier in the week, Brent approached $45 per barrel on hopes for an effective COVID-19 vaccine, which was the main support for prices.
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