London - Sana
Oil rose for the fourth session in a row today, as the market ignored a report by the sector that showed that US crude stocks rose more than expected, continuing to rise, supported by hopes that a vaccine for Covid 19 would support the demand for oil.
According to Reuters, Brent crude rose 38 cents, or 0.8 percent, to 48.24 dollars a barrel, after a rise of about 4 percent in the previous session.
West Texas Intermediate crude rose 27 cents, or 0.6 percent, to $ 45.18, after gaining more than 4 percent yesterday.
Both contracts are at their highest levels since early March, and have risen by about 9 percent in the last four sessions.
