OIL PRICE: NOT BELOW $55
REUTERS - FEBRUARY 1, 2021 - Oil prices rose on Monday after a weak start, adding to the gains of the last three months, although patchy coronavirus vaccine rollouts, new infections and the discovery of new variants are casting a shadow over the demand outlook.
Brent crude futures were up 53 cents, or 1%, at $55.57 a barrel by 0756 GMT, while U.S. West Texas Intermediate (WTI) gained 41 cents, or 0.8%, to $52.61. Both benchmarks gained nearly 8% in January.
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