12 days ago • Posted by Martin Boujol
Oil extends above the $70 mark as the demand improves
Futures in New York rose by 0.5%, going above the $70 threshold for the first time since October 2018. Crude oil stockpiles fell by 2.11 million barrels last week. With economic recoveries all around and signs of easing regarding Covid-19, the demand is expected to be sustained for a while.