Oil prices rise for fifth session on stronger demand
Brent crude is on track for a weekly gain of about 7% with the IEA and Opec boosting global oil demand growth forecasts for 2021
16 April 2021 - 11:35
London — Oil rose above $67 a barrel on Friday, gaining for a fifth session, as a stronger demand outlook and signs of economic recovery in China and the US offset rising Covid-19 infections in some other major economies.
China’s GDP jumped 18.3% in the first quarter from a year earlier, official data showed on Friday. On Thursday, figures showed a rise in US retail sales and a drop in unemployment claims...
BL Premium
This article is reserved for our subscribers.
A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
Already subscribed? Simply sign in below.
Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now