Oil ends at nearly 3-month high on signs of further progress toward COVID vaccine

Oil futures rose Monday, ending higher after another round of positive news on work toward a vaccine and treatments for COVID-19. West Texas Intermediate crude for January delivery /zigman2/quotes/211629951/delayed CL.1 -0.53% rose 64 cents, or 1.5%, to close at $43.06 a barrel on the New York Mercantile Exchange. The finish was the highest for a front-month contract since Aug. 26, according to Dow Jones Market Data. Crude was lifted after AstraZeneca said its vaccine candidate was up to 90% effective. Crude has rallied in November, finding support as a number of vaccine candidates have shown high efficacy in late-stage trials.

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Crude Oil WTI (NYM $/bbl) Front Month

US : U.S.: Nymex

$ 52.08

-0.28 -0.53%

Volume: 1,509

Jan. 17, 2021 7:08p