Easing of lockdowns gives oil a boost
Brent crude rises on expectations that global demand for fuels will increase
08 May 2020 - 07:28
Tokyo — Oil prices rose on Friday as more countries began easing lockdowns set in place to stop the coronavirus spreading, giving hope that demand for fuels will pick up after the economic devastation caused by the pandemic.
Brent crude was up 47c, or 1.5%, at $29.33 a barrel by 1.21am GMT, having fallen nearly 1% on Thursday...
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