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(Reuters) – Oil steadied near a nine-month high on Friday on track for a seventh weekly gain in a row as investors focused on the rollout of COVID-19 vaccines.
Pfizer has applied for approval in Japan for its vaccine, which is being used in the United Kingdom and the United States. The U.S. FDA is also working towards approving Moderna’s shot.
Brent crude was down 0.2%, at $51.38 at 0925 GMT, near the nine-month high of $51.90 hit on Thursday.

The US energy department is the latest agency to confirm it has been breached in what is being described as the worst-ever hack on the US government.
The department is responsible for managing US nuclear weapons, but said the arsenal’s security had not been compromised.
Tech giant Microsoft also said on Thursday that it had found malicious software in its systems.
The treasury and commerce departments are among the other agencies targeted in the sophisticated, months-long breach.