Oil edges higher on rising global demand
Brent heads towards $72 a barrel as Opec and allies agree to stick to supply restraints
04 June 2021 - 11:06
London — Oil rose towards $72 a barrel on Friday, trading close to a two-year high as Opec+ supply discipline and recovering demand countered concerns about patchy Covid-19 vaccination rollout around the globe.
Opec and allies on Tuesday said they would stick to agreed supply restraints. A weekly supply report on Thursday showed US crude inventories dropped more than expected last week...
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