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Oil prices rise amid strong rebound in fuel demand; Brent reaches $67.12 per barrel
May 5, 2021

Oil prices rise amid strong rebound in fuel demand; Brent reaches $67.12 per barrel

Oil prices climbed on Monday as optimism about a strong rebound in fuel demand in developed countries and China in the second half of the year overshadowed growing concerns of a full lockdown in India to curb the COVID-19 pandemic. Brent crude futures for July gained 36 cents, or 0.5%, to $67.12 a barrel by 0045 GMT while US West Texas Intermediate for June was at $63.94 a barrel, up 36 cents, or 0.6%.

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