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Oil prices edge higher as investors await supply cuts

Oil futures gain nearly 8% for the month
MarketWatch
1/29/2021
FUTURES MOVERS
Oil futures on Friday finished sharply higher for the month, finding support as traders remained hopeful that efforts to rein in global supplies will offset pressure on demand from the continued spread of COVID-19 and slower-than-expected vaccine rollouts.
“There is an elephant in the room that traders cannot ignore,” said Paola Rodriguez Masiu, senior oil markets analyst at Rystad Energy, in market commentary. “It’s the start of Saudi Arabia’s extra production cuts” on Monday.
The Organization of the Petroleum Exporting Countries and their allies, together known as OPEC+ agreed in January to keep most oil production curbs in place from February to the end of March. ....

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Oil prices edge higher as investors look to February output cuts from OPEC+

Oil futures gain nearly 8% for the month
MarketWatch
1/29/2021
FUTURES MOVERS
Oil futures on Friday finished sharply higher for the month, finding support as traders remained hopeful that efforts to rein in global supplies will offset pressure on demand from the continued spread of COVID-19 and slower-than-expected vaccine rollouts.
“There is an elephant in the room that traders cannot ignore,” said Paola Rodriguez Masiu, senior oil markets analyst at Rystad Energy, in market commentary. “It’s the start of Saudi Arabia’s extra production cuts” on Monday.
The Organization of the Petroleum Exporting Countries and their allies, together known as OPEC+ agreed in January to keep most oil production curbs in place from February to the end of March. ....

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Covid-19: F.D.A. Authorizes Moderna Vaccine for Emergency Use, Adding Millions of Doses to U.S. Arsenal

Beginning Sunday, shipments totaling 5.9 million doses of the Moderna vaccine may be sent to rural areas, smaller hospitals and local health departments. The first shots are expected to be given Monday.Credit.Andrew Kelly/Reuters
The Food and Drug Administration on Friday authorized the Covid-19 vaccine made by Moderna for emergency use, allowing the shipment of millions more doses across the nation and intensifying the debate over who will be next in line to get inoculated.
The move will make Moderna’s vaccine the second to reach the American public, after the one by Pfizer and BioNTech, which was authorized just one week ago. ....

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Covid-19 News: Latest Updates - The New York Times

People handing out hand sanitizer on the streets in São Paulo, Brazil, on Friday.Credit.Victor Moriyama for The New York Times
As the coronavirus continues its surge across the United States and Europe, where vaccinations recently began, total infections around the world have now topped 75 million.
In the United States, more than 128,000 people had been vaccinated as of Friday, according to a New York Times database tracking vaccinations. But that total is just slightly more than half the number of new cases reported across the country the same day.
The United States, the world’s largest coronavirus hot spot with more than 17.6 million people who have been infected over all, on Friday reported its first single-day caseload of more than 250,000 new infections. ....

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