Oil prices recouped earlier losses and were rising by more than 1 percent on Monday morning, after the European Union unveiled a plan to open its borders to vaccinated tourists, giving more hope to oil bulls that economies and oil demand are set for a rebound in the summer months. As of 10:28 a.m. EDT on Monday, WTI Crude was trading up 1.
46 percent at $64.47, and Brent Crude prices had risen by 1.26 percent at $67.57. Oil prices erased earlier losses in Asian trade, which had reflected the still critical situation with the coronavirus in…Oil Turns Higher As EU Looks To Welcome Vaccinated Tourists
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