Global optimism about economic recovery drives oil prices up
In the US, the world’s largest oil consumer, jobless claims have dropped, signalling the labour market recovery has entered a new phase
07 May 2021 - 11:31
London — Oil prices steadied on Friday and were set for a weekly gain against the backdrop of optimism over a global economic recovery, though the Covid-19 crisis in India capped prices.
Brent crude futures were up one US cent at $68.12 a barrel by 8.13am GMT and US West Texas Intermediate (WTI) crude eased 2c to $64.69...
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