Wednesday, July 9, 2025
Oil hits highest since March on vaccine and Biden transition- oil and gas 360

Oil hits highest since March on vaccine and Biden transition

Reuters LONDON – Oil hit its highest since in March on Tuesday, rising above $47 a barrel as a third promising coronavirus vaccine raised demand recovery hopes and U.S. President-elect Joe Biden received the go-ahead to begin his transition. AstraZeneca on Monday said that its COVID-19 shot was 70% effective in trials and could be up to 90% effective, giving