Oil prices back above $70 a barrel for first time since Covid-19 hit
The US Senate passed President Joe Biden's $1.9-trillion Covid-19 relief plan, lifting prospects for the economy and fuel demand
08 March 2021 - 14:14
London — Oil prices climbed above $70 a barrel for the first time since the start of the coronavirus crisis, after the US Senate passed a $1.9-trillion economic stimulus package and a Yemeni group attacked Saudi Arabia's oil industry.
Benchmark Brent climbed as high as $71.38 a barrel in early Asian trade, its highest since January 8 2020. By 11.10am GMT, it was trading up 12c or 0.2% at $69.48, still hovering at about its highest level in more than a year...
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