Melbourne — Oil prices rose on Thursday, taking the week’s gains to more than 11% on growing hopes that producers will hold off on a planned supply increase as soaring cases of Covid-19 dent fuel demand.

US West Texas Intermediate (WTI) crude futures climbed 12c, or 0.3%, to $41.57 a barrel at 4.36am GMT, while Brent crude futures rose 9c, or 0.2%, to $43.89 a barrel...

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