Oil on track for weekly gain

Brent crude increased by $0.38 or 0.6% to reach $68.66 a barrel while the US West Texas Intermediate futures increased by $0.34 or 0.5% to reach $65.24 a barrel, reported Reuters. The ransomware attack triggered the closure of

Oil rose more than 1% on Monday as Chinese economic figures and U.S. vaccination rates pointed to a strong rebound in demand in the world’s two largest economies. Investors remain wary, however, over record-breaking infection rates in India,

Crude prices rose more than 1% on Wednesday, after U.S. distillate inventories posted a large drawdown and refiners ramped up activity to the highest in over a year, boosting hopes for rising fuel demand in the world’s top

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