Oil prices dipped on Thanksgiving Thursday, slipping from seven-month highs as Baker Hughes reported another increase in the number of available rigs The price rally of the last few days pushed oil prices to seven-month highs, largely on the back of positive Covid-19 vaccine news that promises to hoist oil demand. Traders remain hopeful that the strong efficacy of several vaccine manufacturers will quickly increase oil demand, which has slumped since March as a direct result of the slump in activity due to lockdowns throughout the world. Along with the rise in WTI and Brent prices, oil stocks received a similar boost. US .o.il majors Exxon and Chevron both received a bump as the price of WTI rose. Shares in Exxon rose from sub-$37 to near $42 in just a matter of days. But the price rally here started to show signs of fatigue into Thursday. Chevron’s (CVX) share […]