Oil prices rise as stocks fall and demand increases

Oil prices rise as stocks fall and demand increases

Oil prices rose on Monday, supported by lower inventories and hopes for a faster global economic recovery, although halting vaccine deployments and renewed travel restrictions topped the gains. Brent was up 57 cents, or 1%, at $ 55.61 a barrel at 2:49 p.m. GMT. US crude gained 41 cents, or 0.8%, to $ 52.61. Both […]
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