Oil continues gain on vaccine hopes

Oil prices continue to rise Monday after traders upgrade their outlook and eye an upswing in demand due to promising Covid-19 vaccine trials, which are counteracted by new lockdowns in multiple countries, however.

BY RITZAU FINANS

Confidence in the oil market is being buoyed by hopes that the Organization of the Petroleum Exporting Countries and its OPEC+ allies including Russia will keep crude output in check.

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