Oil Up, Hopes Rise that Vaccines, Tight Supply Will Offset COVID-19 Worries By Investing.com – Investing.com
- Date: 27-Jul-2021
- Source: Investing.com
- Sector:Oil & Gas
- Country:Middle East
Oil Up, Hopes Rise that Vaccines, Tight Supply Will Offset COVID-19 Worries By Investing.com – Investing.com
By Gina Lee
Investing.com – Oil was up Tuesday morning in Asia, with prices steadying from Monday's fall. Investors are hoping that tight supply and rising vaccination rates will offset the impact of rising global COVID-19 cases on fuel demand.
gained 0.37% to $73.97 by 12:05 PM ET (4:05 AM GMT) extending the 0.5% gain recorded on Monday. were up 0.32% to $72.14 after dropping 16 cents on Monday.
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