Oil up again on easing restriction in US and parts of Europe
API data shows bigger-than-expected drop in US crude stocks as gains are capped by worries about India’s rampant Covid-19 crisis
05 May 2021 - 13:07
London — Oil prices rose for a third day on Wednesday as easing of lockdowns in the US and parts of Europe heralded a boost in fuel demand in the summer season and offset concerns about the rise of Covid-19 infections in India and Japan.
Brent crude rose 93c, or 1.4%, to $69.81 a barrel at 10.08am GMT. US West Texas Intermediate (WTI) crude rose 85c, or 1.3%, to $66.54 a barrel...
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