Oil prices are growing within 1%
Oil rises in price this morning - at 09:47 Brent added 0.75%, rising to $ 45.41, WTI rose 0.61% to $ 42.68. The quotes are supported by the hope of players that the vaccine against coronavirus will help restore oil demand. A positive factor was the news that Pfizer (USA) and (BioNTech) Germany have applied for registration the drug he developed. They previously reported that it is effective in the fight against Covid-19 by 95%. The positive dynamics on the exchanges is also due to the fact that the players look forward to further measures to reduce oil production from OPEC +, leads Reuters Commentary from AxiCorp Lead Market Strategist Stephen Inessa. There will be a meeting of the cartel at the end of the month and it is expected that the current production cuts will be extended as at least for 3 months, and possibly for six months, the expert noted. In addition, commodity prices supported news of the attack oil corporation Saudi Aramco in Saudi Arabia.