Recovery in fuel demand lifts oil
Oil rises for second session on signs of strong fuel demand in western economies, while the prospect of Iranian supplies returning fade
09 June 2021 - 08:45
Singapore — Oil prices rose for a second session on Wednesday on signs of strong fuel demand in western economies, while the prospect of Iranian supplies returning faded as the US secretary of state said sanctions against Tehran were unlikely to be lifted.
Brent crude futures were up 37c, or 0.5%, at $72.59 a barrel at 5.20am GMT and earlier rose to $72.83, the highest since May 20, 2019. Brent rose 1% on Tuesday...
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