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Oil changes in different directions on vaccine news

Benchmark oil prices moved weak and mixed on Wednesday on news of the approval of a coronavirus vaccine from Pfizer and BioNTech in the UK. The UK is the first country to approve this COVID-19 vaccine. The country’s Ministry of Health said that “the vaccine will be available in the UK from next week.” The cost of February futures for Brent oil on the London stock exchange ICE Futures by 13:49 Moscow time on Wednesday is $ 47.44 per barrel, which is $ 0.02 (0.04%) higher than the closing price of the previous session. The price of WTI crude oil futures for January at electronic trading on the New York Mercantile Exchange (NYMEX) by this time is $ 44.52 per barrel, which is $ 0.03 (0.07%) lower than the level of previous trading. Oil prices are under pressure from data from the American Petroleum Institute (API), according to which US oil reserves rose by 4.15 million barrels last week. The API report also indicated an increase in gasoline and diesel inventories. Source: FINMARKET.RU

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