Crude oil futures WTI rallied today. Amidst the hopes that countries began vaccination against COVID-19 Will support the recovery ofWorld economy And the need for oil
At 10.34 PM Thai time, the West Texas Crude Oil Agreement (WTI) for delivery in January. It traded on NYMEX plus 1 cent, or 0.21%, to 46.67 $ / barrel.
The US Food and Drug Administration (FDA) has granted emergency approval for the novel coronavirus vaccine. At Pfizer Inc. and Biotech developed together
The US, Britain, Bahrain, Canada and Singapore have now approved Pfizer’s vaccine. The British began vaccinating their citizens on Tuesday. As Canada is scheduled for today’s vaccination.
The price of oil was also driven by news that a tanker had an explosion. While draining oil at the port of Jeddah in Saudi Arabia.
Investors keep an eye on meetings of the Joint Ministerial Committee of the Petroleum Exporting Countries (OPEC) and allies. Or OPEC Plus (JMMC) on December 16.
JMMC will review the implementation of the member countries’ production cut agreements.
Meanwhile, the market has been keeping an eye on the OPEC Plus meeting on Jan. 4, 2021 after a resolution to cut output of 7.2 million barrels per day. From the current level of 7.7 million barrels / day. At the meeting on December 3, which will be effective from January 2021.
– .
