Oil Rises Past August High on Vaccine Progress, Biden Transition

Oil Rises Past August High on Vaccine Progress, Biden Transition

Crude oil pipework in an oilfield near Neftekamsk, in the Republic of Bashkortostan, Russia, on Thursday, Nov. 19, 2020. 

Photographer: Andrey Rudakov/Bloomberg









Photographer: Andrey Rudakov/Bloomberg





Oil extended gains after closing at the highest level since August on signs Covid-19 vaccines could be rolled out within weeks and as the start of the U.S. presidential transition process aided markets in general.What's moving marketsStart your day with the 5 Things newsletter.Futures in New York rose around 1% after settling above $43 a barrel on Monday. A vaccine developed by