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Oil prices firm as US, Europe growth prospects counter India concerns

Oil prices extended gains on Tuesday as more U.S. states eased lockdowns and the European Union sought to attract travellers, helping to offset concerns over fuel demand in India as Covid cases soar

Topics
Oil Prices | Crude Oil Price | India fuel demand

Reuters  |  SINGAPORE 

By Roslan Khasawneh and Sonali Paul SINGAPORE (Reuters) - Oil prices extended gains on Tuesday as more U.S. states eased lockdowns and the European Union sought to attract travellers, helping to offset concerns over fuel demand in India as COVID-19 cases soar. Brent crude futures rose 6 cents, or 0.1%, to $67.62 a barrel at 0329 GMT, after climbing 1.2% on Monday. U.S. West Texas Intermediate (WTI) crude futures also ticked 5 cents, or 0.1% higher, to $64.54 a barrel, after gaining 1.4% on Monday. "Optimism on improving demand appears to be the main driver for the rise ...

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First Published: Tue, May 04 2021. 09:43 IST
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