Crude oil futures ended higher on Thursday on optimism over the rollout of coronavirus vaccines offset data showing a sharp increase in U.S. crude inventories last week. After the UK, Canada has approved Pfizer's Covid vaccine. Canada expects to begin its immunization rollout as early as next week. Further, oil prices were also supported by report about an attack on an Iraqi oilfield. Private report, quoting Iraqi oil ministry, said a small oilfield in Khabbaz in northern Iraq was set on fire on Wednesday in a terrorist attack.
Crude oil futures for January rose $1.26 or 2.8 percent to settle at $46.78 a barrel on the New York Mercantile Exchange. February Brent crude surged $1.54 or 3.15 percent to settle at $50.40 a barrel on London's Intercontinental Exchange.
Start Research-backed Investing ...Now. Subscribe to Sapphire
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: