Oil rises on prospects of strong economy

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Oil rises on prospects of strong economy

timestampApr 07, 2021 authorAlShorts Web Desk

Oil prices rose on Wednesday on prospects of stronger global economy as US crude inventories declined. Brent crude futures for June rose by 0.4%, to USD62.98 per barrel while US WTI crude for May was up by 0.3% at USD59.53 per barrel. US jobs data on Tuesday also indicated a rise in openings, supporting the rise along with rising number of COVID-19 vaccinations.

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