Tokyo — Oil prices climbed on Tuesday, extending gains from the previous day, as optimism over the reopenings of the US and European economies outweighed fears of slower fuel demand in Asia due to surging Covid-19 cases and a new wave of restrictions.

Brent crude oil futures were up 20c, or 0.3%, at $69.66 a barrel by 2.31am GMT, while West Texas Intermediate (WTI) was up 19c, or 0.3%, at $66.46 a barrel. Both contracts rose more than 1% on Monday...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.