Oil up for seventh session as fuel demand slowly recovers
Brent and WTI futures are at their highest since January 2020
09 February 2021 - 13:18
London — Oil prices scored their seventh straight session of gains for both benchmark contracts on Tuesday, hitting their highest since late January 2020, as supply cuts by major producers and optimism over a recovery in fuel demand support energy markets.
Brent crude futures for April gained 41c, or 0.7%, to $60.97 a barrel by 10am GMT. US West Texas Intermediate crude (WTI) for March was at $58.25 a barrel, up 28c, or 0.5%...
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