Oil Rises Above $40 With Vaccine Buoying Demand Recovery Hope
Flames burn from gas venting pipes on the Casablanca oil platform, operated by Repsol SA, in the Mediterranean Sea off the coast of Tarragona, Spain. (Photographer: Angel Navarrete/Bloomberg)

Oil Rises Above $40 With Vaccine Buoying Demand Recovery Hope

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(Bloomberg) -- Oil extended gains, following Monday’s rally on optimism that a potential Covid-19 vaccine could boost a recovery in transport demand.