Oil is up as US eases restrictions and EU looks to open travel
These helped offset worry about India’s soaring Covid-19 infections, which are limiting oil demand in that region
04 May 2021 - 11:41
London — Oil prices rose on Tuesday after more US states eased lockdowns and the EU sought to attract travellers, helping to offset concerns over fuel demand in India as Covid-19 cases soar.
Brent crude futures were 65c, or 0.96%, higher at $68.21 a barrel at 8.22am GMT, after climbing 1.2% on Monday. US West Texas Intermediate (WTI) crude futures also ticked up 62c, or 0.1%, to $65.11 a barrel, after gaining 1.4% on Monday...
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