Oil rises to touch $52 after Trump signs aid bill
LONDON, Dec 28 (Reuters) – Oil NSE -1.57 % rose to hit $52 a barrel on Monday as U.S. President Donald Trump’s signing of a coronavirus aid package and the start of a European vaccination campaign outweighed concern about weak near-term demand.
Trump, whose presidency is set to end next month, had earlier threatened to block the $2.3 trillion aid and spending package. Europe, meanwhile, launched a mass vaccination drive on Sunday.
Brent crude was up 68 cents, or 1.3%, at $51.97 a barrel at 1020 GMT, after trading as high as $52.02, reversing an earlier decline. U.S. West Texas Intermediate (WTI) crude added 69 cents, or 1.4%, to $48.92.
