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Us crude oil futures rose more than 1 per cent above $47 in European trading on Friday, while Brent crude oil futures rose back above $50 amid expectations that the launch of novel coronavirus s vaccine would boost global fuel demand. the news of the oil tanker explosion in Saudi Arabia made the market nervous.
As of press time, the futures price of US crude oil was at 47.16 US dollars per barrel, up 1.27%, while the futures price of Brent crude oil was at 50.63 US dollars per barrel, up 1.32%. Meibu and Meibu have closed higher for the sixth consecutive week, the longest gain since June this year.
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