Oil Prices Rise to a Three-Month High

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WTI Crude oil prices got a boost from ongoing positive news about the Coronavirus vaccine.

AstraZeneca-Oxford University led efforts saw another vaccine likely to come out in the market.

The news is boosting data for optimism as economies are likely to get back to normal in due time.

Oil prices rose to highs of 43.36 before pulling back from the intraday highs.

Investors need to push prices higher. Failing to do so could see price action slipping back close to the 41.00 level.

To the upside, the next key resistance will be the 43.50 price level next.

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