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Oil climbs as slowing COVID-19 cases spur hopes of a demand recovery

1 month ago   |   By Business Insider

Oil prices rose on Tuesday as slowing new coronavirus cases sparked hopes of a demand recovery.
West Texas Intermediate crude rose 2.4% to $42.94 per barrel, while international benchmark Brent crude gained nearly 2% to $45.78 per barrel at intraday highs Tuesday.
On Monday, oil also got a boost after Saudi Aramco's CEO Amin Nasser said he sees oil demand in Asia returning to pre-pandemic levels as the economy reopens and activity resumes.
Watch oil trade live on Markets Insider .
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COVID Recovery

COVID Recovery

1 month ago   |   By WMUR


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Oil climbs as slowing COVID-19 cases spur hopes of a demand recovery

Oil climbs as slowing COVID-19 cases spur hopes of a demand recovery

1 month ago   |   By Business Insider

Oil prices rose on Tuesday as slowing new coronavirus cases sparked hopes of a demand recovery.
West Texas Intermediate crude rose 2.4% to $42.94 per barrel, while international benchmark Brent crude gained nearly 2% to $45.78 per barrel at intraday highs Tuesday.
On Monday, oil also got a boost after Saudi Aramco's CEO Amin Nasser said he sees oil demand in Asia returning to pre-pandemic levels as the economy reopens and activity resumes.
Watch oil trade live on Markets Insider .
Read more ...

 


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