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Premarket stocks: Global oil prices have fully recovered from the pandemic CNN 2/8/2021 By Julia Horowitz, CNN Business © Zhang Haiyan/VCG/Getty Images Aerial view of the China Petroleum & Chemical Corp. (Sinopec) Jiujiang oil refinery with crude oil processing capacity of 8 million tons per year on January 23, 2021 in Jiujiang, Jiangxi Province of China. After a rocky 12 months, oil prices which got crushed when Covid-19 slashed demand for energy around the world are roaring back. What s happening: Brent crude futures, the global benchmark, have breached $60 per barrel, their highest level since January 2020. The immediate catalyst appeared to be weekend remarks from President Joe Biden that the United States will not lift sanctions on Iran to get the country back to the negotiating table. But oil prices have been on the upswing for months thanks to optimism that coronavirus vaccines will unleash demand while producers avoid flooding the market wit

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