“Oil breaks above $50 for the first time since February”
January 5, 2021
“U.S. West Texas Intermediate crude futures, the U.S. oil benchmark, broke above $50 on Tuesday for the first time since February. The move higher marks a steady comeback for oil prices after the coronavirus pandemic and subsequent demand loss sent futures prices tumbling, and briefly into negative territory last April.
WTI last traded $2.23, or 4.68%, higher at $49.85 per barrel, after earlier trading as high as $50.05. International benchmark Brent crude gained $2.07, or 4.05%, to trade at $53.16 per barrel…”
https://www.cnbc.com/2021/01/05/oil-breaks-above-50-for-the-first-time-since-february.html