Oil is up on economic recovery hopes and Covid-19 treatment
Some analysts say the oil market is not taking the potential for more virus spikes into consideration
17 June 2020 - 12:05
London — Oil rose on Wednesday on hopes for an economic recovery and for a clinical trial showing a cheap steroid could help save some critically ill coronavirus patients, but fears of a second wave of the virus curbed gains.
Brent crude was up 29c, or 0.7%, at $41.25 a barrel at 8.25am GMT. US West Texas Intermediate (WTI) rose 17c, or 0.4%, to $38.55 a barrel...
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