Oil climbs on hopes fuel demand is rising in US and as vaccinations increase
Prices have changed little since a period of volatile trading ended with the close of trading last Monday
12 April 2021 - 07:51
Tokyo — Oil rose on Monday amid hopes that fuel demand is picking up in the US as the summer driving season approaches and the rollout of Covid-19 vaccinations there accelerates, though increasing case numbers in other countries are set to cap gains.
Brent was up 25c, or 0.4%, at $63.20 a barrel by 3.55am. US crude gained 17c, or 0.3%, to $59.49 a barrel...
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