Oil climbs on hopes for demand recovery

Oil prices climbed on Friday, buoyed by hopes demand will recover as economic growth picks up and lockdowns ease, but worries about India’s surging second wave of COVID-19 cases limited gains.

Brent crude futures rose 42 cents, or 0.6%, to $65.82 a barrel at 0645 GMT, after rising 8 cents on Thursday.

U.S. West Texas Intermediate (WTI) crude futures jumped 51 cents, or 0.8%, to $61.94 a barrel, also after an 8 cent rise on Thursday.

Union Jack Oil plc (LON:UJO) is an onshore oil and gas exploration company with a focus on drilling, development and investment opportunities in the United Kingdom hydrocarbon sector.

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