Tighter supplies and expected positive data boost oil despite Covid-19 surge in US
China set for bull run amid upbeat forecasts for US non-manufacturing activity, German industrial orders and eurozone retail sales
06 July 2020 - 11:04
London — Oil prices rose on Monday, supported by tighter supplies and a string of data expected to show global economic recovery and despite a spike in coronavirus cases in the US and other countries.
Brent crude was up 73c, or 1.7%, to $43.53 per barrel by 10.08am. US West Texas Intermediate (WTI) crude was up 28c, or 0.7%, at $40.93...
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