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

Is BlackBerry (TSE:BB) A Risky Investment?

by

on

Is BlackBerry (TSE:BB) A Risky Investment ?

After months of speculation, investors get…

by

on

Months of speculation, investors get…

Stocks soar after jobs report better then…

by

on

Stocks soar after jobs report

Asian Stocks Are Mostly Down At The Start Of…

by

on

Asian Stocks Are Mostly Down At The Start Of…