Oil climbs on global recovery hopes due to government stimulus
The optimism outweighed concern about fuel demand amid new pandemic lockdowns
19 January 2021 - 12:08
London — Oil prices climbed on Tuesday as optimism that government stimulus will eventually lift global economic growth and oil demand trumped concerns that renewed Covid-19 pandemic lockdowns globally are cooling fuel consumption.
Brent crude futures for March rose 46c to $55.21 a barrel by 9.16am GMT after slipping 35c in the previous session...
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