Oil Rally Continues Despite Slow Vaccine Rollout

Crude oil prices continued their climb on Friday, poised for a weekly gain of more than 6% as Saudi Arabia took decisive action to voluntarily—and singlehandedly—curb production by an additional million dollars per barrel in hopes of stabilizing the oil markets. WTI closed out last week at $48.52 per barrel. This week, WTI crude is up 1.38% on the day at $51.55 per barrel—a gain of $3 or more than 6% since last Friday. Brent crude closed out last week at $51.80 per barrel. This week, Brent is up 1.80% on the day at $55.36 per…