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Daily Commodity Report: Oil Prices Hit New Highs

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   |    Wednesday,February 03,2021

Oil futures jumped this morning, hitting new highs.

WTI rose $0.77 to $55.38 / barrel and Brent hit $58.05 / barrel after gaining $0.66.

COVID-19 vaccine deployment has contributed to the the sustained price recovery the industry has seen over recent months. Many investors and analysts express confidence that the economy will soon regain traction as more and more people are vaccinated.


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