global oil prices continued to rise at the beginning of trading on Thursday, amid a state of positive follow-up to the data received on the development of an effective vaccine for the emerging corona virus (Covid 19).
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Citigroup said in a note quoted by Reuters that the encouraging news about the results of the vaccine sets aside concerns related to the continuation of measures to contain the virus, although he warned that a price rebound could not be ruled out Crude oil amid a weak recovery in demand levels in the medium term.
Despite the positive news about the Corona vaccine, new infections are still on the rise, as the United States recorded 2.3 million infections over the past two weeks.
On the other hand, the continuation of the rise in oil prices supported the recent data announced by the United States on oil inventories, as it recorded a sudden decline last week.
With the start of trading today, futures prices for Brent crude for January delivery rose by 0.6% to reach 48.88 dollars a barrel. US Nymex crude for January delivery also rose 0.5%, approaching $ 46 a barrel.
