contractCrude oilWest Texas (WTI) marketNew YorkClose positive last night (14 Dec), driven by the hope that The fact that countries started vaccination against COVID-19 Will help support the recovery ofWorld economyAnd the demand for oil, however, promisesCrude oilGained pressure during the day afterOil exporting countries (OPECLower oil demand forecast for both this year and next year.
WTI crude oil contract for delivery in January. It was up 42 cents, or 0.9 percent, to $ 46.99 a barrel.
Brent crude oil contract (BRENT) for February delivery It rose 32 cents, or 0.6 percent, to $ 50.29 a barrel. Which is the highest closing level in 9 months
Crude oil contracts closed in positive territory. After the US Food and Drug Administration (FDA) 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. While Canada is scheduled for the vaccination yesterday.
However, positive forces of crude oil were extracted during the day. After OPEC released the latest forecast report today. Global oil demand growth in 2021 will be 5.9 million barrels / day, down 350,000 barrels / day from the previous forecast. With anticipation that Global oil demand in 2020 will be 89.99 million barrels / day, down 9.77 million barrels / day from the previous forecast.
Investors keep an eye on US crude stocks report. The US Energy Information Administration (EIA) is scheduled to release the information tomorrow at 10:30 PM Thai time.
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