Oil climbs to two-month high as COVID-19 restrictions ease

Global oil prices extended gains to hit the highest levels in more than two months on the prospect of improved demand as Europe and the US scale back coronavirus-related restrictions.

Brent crude oil futures topped $70 a barrel on Tuesday morning for the first time since early March, rising more than 1% on the day. West Texas Intermediate also climbed by 1.1%, to $67 a barrel, with both contracts building on the 1% advance on Monday.

Echo Energy plc (LON:ECHO) is a full cycle, exploration led, oil and gas focused AIM-listed E&P with an exciting asset base in Latin America.

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