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Oil prices rise amidst easing lockdown restrictions around the world
May 5, 2020
Source: Reuters

Oil prices rise amidst easing lockdown restrictions around the world

Oil prices climbed in the international market on Tuesday, as easing coronavirus lockdown measures across the world gave the hopes for a recovery in fuel demand. Brent crude rose 7.4% to $29.22 a barrel. U.S. WTI crude was priced 9.6% higher, at $22.34 per barrel. Starting this week, Italy, Spain, Nigeria and India, together with some states in the U.S. began allowing people to start their work.

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