Oil prices up on southern US cold, vaccine optimism

"The positive momentum continues in the oil complex, with investors unabashedly predisposed to a bullish view," writes Axi Chief Global Market Strategist Stephen Innes.

BY RITZAU FINANS

Crude prices surge Tuesday morning CET on optimism related to coronavirus vaccine roll-outs and lower oil output resulting from the cold weather seen in US state Texas last week.

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