Oil edges higher on US, Europe demand hopes

Oil edges higher on US, Europe demand hopes

The Edge Markets - World·2021-04-23 15:12

MELBOURNE (April 23): Oil prices rose on Friday on hopes of a fuel demand recovery in the United States and Europe as economic growth picks up and lockdowns ease, but worries about India's raging second wave of COVID-19 cases kept a lid on gains.

Brent crude futures rose 21 cents, or 0.3%, to $65.61 a barrel at 0137 GMT, after climbing 8 cents on Thursday.

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