US
Vaccine rollout fuels hopes of easing of lockdowns, boosting oil demand
OPEC expects output reduction to keep market in deficit throughout 2021
Both major crude oil contracts rose more than 2%
Saudi Arabia is set to cut output by 1m bpd in February and March
Huge 10m-barrel decline in US crude inventories supports prices
Prices tick up alongside European shares, after Saudi blast reports
Indonesian coast guard seized two vessels over suspected illegal fuel transfers
OPEC curbs, forecasts of drop in US crude inventories support price rise
IEA pointed to recovery in oil demand later this year to average of 96.6m barrels per day
Security concerns ahead of US presidential inauguration drag on investor sentiment