Oil climbs to four-week high
But rising Covid-19 cases in major economies may stop price gains
16 April 2021 - 08:00
Singapore — Oil prices extended gains on Friday and were on course for a weekly gain of more than 6% with an improved oil demand outlook and strong economic recoveries in China and the US offsetting concerns about spikes in Covid-19 infections.
Brent crude futures rose 13c, or 0.2%, to $67.07 a barrel at 5.08am GMT, after a 36c rise on Thursday...
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