June 9, 2020
Source: Reuters

Oil prices rise on optimism easing of lockdowns to spur fuel demand

Oil prices climbed on Tuesday, paring losses from the previous session, as markets broadly rose on growing confidence in a global recovery with pandemic lockdowns easing. WTI crude futures rose 1.3%, to $38.69 after dropping by $1.36 on Monday. Brent crude futures rose 1.4%, to $41.36 a barrel. The benchmark contract fell $1.50 on Monday, snapping a seven-day streak of gains.

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