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Oil prices rise on hopes of COVID-19 vaccine
Aug. 24, 2020
Source: Reuters

Oil prices rise on hopes of COVID-19 vaccine

Crude oil prices rose on Monday. Brent crude was up 32 cents, at $44.67 a barrel. U.S. WTI crude rose 31 cents, $42.65 a barrel. Prices rose as storms closed in on the Gulf of Mexico, shutting more than 50% of its oil production. Prices were also supported by the fact that the experimental COVID-19 vaccine being developed by AstraZeneca and Oxford University.

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