Oil Prices Hit 8-Month High On Vaccine Optimism And Election Certainty

Oil prices soared on Tuesday morning to their highest level since early March after another pharmaceutical alliance announced a high level of protection of a vaccine candidate and after U.S. President Donald Trump allowed the transition to Joe Biden’s administration to begin. As of 10:35 a.m. ET on Tuesday, WTI Crude was surging by 4.11 percent at $44.80, closing in to the $45 a barrel mark, while Brent Crude was up 3.34 percent at $47.60. The last time WTI Crude traded at $45 per barrel was eight months ago, in early March this year, just…