rose 0.06% to $52.45. Investors are hopeful China's relatively strong recovery and vaccine rollouts in Europe and the US will support demand in the coming months.GOLDMAN SACHS: Buy these 25 stocks best-positioned to juice profits in 2021 as stimulus and vaccine progress spur economic growth
JPMorgan analysts said in a note that the near-term picture for oil looked murky given the rise in COVID-19 cases and another round of lockdowns across a number of major economies. But they said the second half of 2021 should be brighter. "Despite the weaker outlook for demand in the near-term, we still hold confidence in our view that vaccine rollouts should soon break the link between infection and mobility, allowing for a push higher in global oil demand over the summer," they said.
Traders will be keeping a keen eye on the earnings calendar on Tuesday, with Wall Street giants Goldman Sachs and Bank of America set to report fourth-quarter figures. Morgan Stanley is scheduled to report earnings on Wednesday. The European Central Bank and Bank of Japan set interest rates on Thursday.Start your day knowing what traders are talking about. Sign up to 10 Things Before the Opening BellBy clicking ‘Sign up’, you agree to receive marketing emails from Business Insider as well as other partner offers and accept our