Oil climbs on upbeat demand outlook
Brent crude futures and US West Texas Intermediate crude are on track for a second monthly gain
31 May 2021 - 07:50
Singapore — Oil prices climbed in early Asian trade on Monday, underpinned by the bright outlook for fuel demand growth in the next quarter, while investors looked ahead to the Opec+ meeting this week for supply guidance.
Brent crude futures for August rose 44c, or 0.6%, to $69.16 a barrel by 6.24am after settling at their highest in two years on Friday. US West Texas Intermediate crude for July was at $66.78 a barrel, up 46c, or 0.7%...
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