Melbourne/Singapore — Oil prices climbed on Tuesday as the easing of coronavirus lockdown measures across the globe lifted traders’ hopes for a swift recovery in demand, though gains were capped by the spectre of persistent oversupply in the market.
Brent crude futures rose 0.3%, or 14c, by 4.35am GMT to $40.94 a barrel. The benchmark contract fell $1.50 on Monday, snapping a seven-day streak of gains...
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