Oil climbed for a fourth straight session on Wednesday as the market shrugged off an industry report showing U.S. crude stockpiles rose more than expected, extending a rally driven by hopes that a coronavirus vaccine will boost fuel demand, Reuters reports. Brent crude was up ?30? percent, at US$48.?16? a barrel, having risen by almost 4 percent in the previous session. West Texas Intermediate crude gained 24 US cents, or 0.5 percent, to US$45.15, after rising by more than 4 percent on Tuesday.

Source: The Standard November 25, 2020 13:30 UTC