Sluggish vaccine programs curb oil optimism

The slow progress of Covid-19 vaccinations put a damper on optimism earlier this week when oil demand was recovering from the downturn prompted by the pandemic.

Photo: Jacob Ehrbahn

Oil prices are relatively stable Friday morning following a drop on Thursday due to sluggish progress in global Covid-19 vaccinations.

A barrel of European reference crude Brent costs USD 72.21 against USD 71.44 Thursday afternoon. US West Texas Intermediate concurrently trades at USD 67.82 against USD 68.72.

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