Oil falls with the decline of the rally due to demand concerns

Oil prices fell today, Friday, in quiet trading due to the Thanksgiving holiday in the United States, as they fell amid fears of an increase in supply and doubts about the possibility of eliminating a vaccine against the Corona virus pandemic.

By 06:02 GMT, Brent crude futures were down 10 cents to $ 47.70 a barrel, after losing 1.7% overnight. US crude futures, “West Texas Intermediate”, fell 1.9% to $ 44.85 a barrel.

Both benchmarks rose nearly 6 percent this week after AstraZeneca announced earlier this week that its COVID-19 vaccine could be up to 90 percent effective, adding to the results of successful trials of other two vaccines being developed as part of the war to end the worst. pandemic.