Oil futures finish higher as U.S. vaccine lifts potential for a rebound in energy demand

Oil futures finished higher on Monday as the rollout of a COVID-19 vaccine in the U.S. raised the potential for an improvement in the economy, as well as energy demand. The Organization of the Petroleum Exporting Countries, however, lowered its 2020 and 2021 forecasts for oil demand, limiting the gain for prices. January West Texas Intermediate crude rose 42 cents, or 0.9%, to settle at $46.99 a barrel on the New York Mercantile Exchange.

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