Oil rises as demand grows in Europe and the US
Soaring Covid-19 cases in India and Japan, however, cap overall gains
23 April 2021 - 11:35
London — Oil rose on Friday, buoyed by hopes that demand will recover as economic growth picked up in Europe and lockdowns eased, but prices were still set for a weekly loss as India recorded the world’s highest daily total of Covid-19 infections.
Brent crude rose 31c, or 0.5%, to $65.71 a barrel at 8.38am GMT, and West Texas Intermediate (WTI) US crude gained 40c, or 0.7%, to $61.83 a barrel...
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