Oil prices extended Monday’s 5-percent gain early into Tuesday, as concerns about global demand started to ease while a major outage in Mexico supported prices on the supply side. As of 8:22 a.m. EDT, WTI Crude was up 1.34% at $66.55, and Brent Crude was up 1.50% at $69.77, attempting to bounce back to the $70 a barrel handle.
Oil prices had surged 5% at Monday’s close, rebounding from the longest losing streak since 2019 of seven consecutive settlements in the red, as investor risk appetite increased and the U.S. dollar softened. The…Brent Climbs Back Above $70 On Major Production Outage
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