Oil set for third week of gains on vaccine hopes ...Qatar

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Oil set for third week of gains on vaccine hopes
Oil prices firmed yesterday, and were on track for a third consecutive weekly rise, buoyed by successful Covid-19 vaccine trials, while renewed lockdowns in several countries to limit the spread of the coronavirus capped gains. Prospects for effective Covid-19 vaccines and hopes Opec and its allies will keep production in check have bolstered oil markets this week. Brent crude futures were up 31 cents, or 0.7%, at $44.51 a barrel at 1357 GMT. The more active US West Texas Intermediate (WTI) January crude contract gained 17 cents, or 0.4%, to $42.07 a barrel. The WTI contract for December, which expired yesterday, was up 24 cents at $41.98. Both benchmarks are up more than 4% so far this wee

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