Oil Jumps by Most Since June on Covid Vaccine Progress

(Bloomberg) — Oil in London jumped by the most since June as Pfizer Inc. reported a potential Covid-19 vaccine breakthrough.Futures in London rose by 8.3% to $42.74 a barrel following a broad rally in equity markets, while West Texas Intermediate also jumped.The vaccine being developed by Pfizer and BioNTech SE prevented more than 90% of infections in a study of tens of thousands of volunteers, the most encouraging scientific advance so far in the battle against the coronavirus.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P. …read more

Source:: Yahoo Finance

      

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