Oil heads for seventh weekly gain as vaccine rollouts support

(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.