BothBrentand W T I havemorethandoubledfromthedecadelowsseeninApril, whenpricesfellintonegativeterritoryforthefirsttime, sendingshockwavesacrossthemarket.
But a monthlyReuterspollonThursdayshowedoilpricesarenotexpectedtomakemuchprogressin 2021 whilerolloutsofvaccinesandtrillionsofdollarsworthoffiscalsupportareexpectedtoboostspending, Concernsoverlockdownsareexpectedtocapgains.
Thenextmajoroilpricedriverwillbe a January, thefourthmeetingoftheOrganizationofthePetroleumExportingCountriesandalliesincludingRussia, a groupknownasOPEC.