News Snapshot:
Global benchmark Brent crude rose 4.2 percent while US WTI jumped 4.6 percent after Moderna became the latest drug firm to release promising trial data on a COVID-19 vaccine. Oil prices jumped more than 4 percent on Monday after Moderna Inc reported its experimental vaccine was 94.5 percent effective in preventing COVID-19 and as OPEC+ members mull the possibility of extending output cuts to next year. Global benchmark Brent crude for January delivery rose $1.79 or 4.2 percent to $44.57 a barrel on Monday, while US benchmark West Texas Intermediate (WTI) crude for December delivery rose $1.84 or nearly 4.6...
