Oil stays near multiyear highs on improved forecasts as travel curbs lifted
Vehicle traffic is returning to prepandemic levels in North America and more aircraft are flying
14 June 2021 - 07:39
Tokyo — Oil prices held near multiyear highs on Monday, underpinned by an improved outlook for demand as increased Covid-19 vaccinations help lift travel curbs.
Brent crude was up 14c, or 0.2%, at $72.83 by 3.23am. It rose 1.1% last week and hit the highest since May 2019 of $73.09 on Friday...
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