Oil inches higher on demand recovery
Signs of a revival in US crude production and global road traffic data boosts market
26 June 2020 - 07:43
Melbourne — Oil prices rose on Friday, extending gains from the previous day on optimism about recovering fuel demand worldwide, despite a surge in coronavirus infections in some US states and indications of a revival in US crude production.
US West Texas Intermediate (WTI) crude futures gained 42c, or 1.1%, to $39.14 at 1.50am GMT but were on track for a slight drop for the week...
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