Oil Set for Longest Run of Gains in Two Years as Stockpiles Fall

Bloomberg Quint | Jan 13, 2021 at 2:21 PM
  • Oil crept higher.
  • Demand could get a boost of at least 1 million barrels a day, Goldman Sachs Group Inc. said, as frigid temperatures in Asia and Europe send other energy markets booming.
  • Covid-19 vaccine breakthroughs and the recent Saudi pledge to deepen cuts have underpinned a meteoric rise for oil since the end of October, with prices up almost 50%.