Oil prices rise as easing of lockdowns…

Oil prices rise as easing of lockdowns…

(Investing.com) – Oil prices climbed on Tuesday as the easing of coronavirus lockdown measures across the globe lifted trader hopes for a swift recovery in demand, though gains were capped by the spectre of persistent oversupply in the market.

Brent crude (LCOc1) futures rose 0.3%, or 14 cents, by 0435 GMT to $40.94 a barrel. The benchmark contract had fallen $1.50 on Monday, snapping a seven-day streak of gains.

U.S. West Texas Intermediate (WTI) crude (CLC1) futures rose 0.7%, or 26 cents, to $38.45 a barrel, after dropping by $1.36 on Monday…

Source: Investing.com

Trending Articles

China’s Investment in Australia Falls to a 13-Year Low

by

on

China’s Investment in Australia Falls to

Virgin Atlantic bosses to take 15% pay cut

by

on

Virgin Atlantic bosses to take 15% pay cut

Netflix pulled off a showstopper early in the pandemic, but…

by

on

Netflix pulled off a showstopper early…

Under-the-radar trend suggests market’s hot streak…

by

on

Market’s hot streak is just beginning…