Oil steady as vaccine news counters rise in virus cases – ZAWYA

Oil steady as vaccine news counters rise in virus cases – ZAWYA

oil steady as vaccine news counters rise in virus cases the closing prices of both brent and wti have traded within a $2 channel so far this month    oil refinery power station at sunset. image used for illustrative purpose.tokyo  - oil prices were little changed on tuesday, trapped in the narrow trading band of the past three weeks as investors gauged hopes for a recovery in oil demand against fears of new lockdowns due to a growing number of coronavirus cases.prices were offered some support by positive news on the development of vaccines as drugmakers and medical institutions rush to find a way to counter the world's worst health crisis in a century. brent futures were up 15 cents, or 0.4%, at $43.43 by 0117 gmt, while west texas intermediate (wti) edged up 2 cents to $40.83.prices were offered some support by positive news on the development of vaccines as drugmakers and medical institutions rush to find a way to counter the world's worst health crisis in a century.tokyo  - oil prices were little changed on tuesday, trapped in the narrow trading band of the past three weeks as investors gauged hopes for a recovery in oil demand against