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
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...