Comments out of President Putin, saying that Russia has not ruled out the possibility of delaying January OPEC+ production increases, and positive news on the vaccine front (with Remdesivir getting the first U.S. approval to treat Covid-19) supported higher prints on WTI Crude, only to print lower in early trade today weighed down by surging Covid-19 cases and further lockdowns, with $40 as the closest support target.
Support: 40/ 39.70
Resistance: 40.70 / 41.50
