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Oil Rises to Two-Month High Amid Demand Recovery

(Bloomberg) — Oil rose to levels not seen since Covid-19 lockdowns paralyzed the world’s largest economy, lifted by signs of recovering demand and news of a viable coronavirus vaccine. Futures in New York climbed 8.1% Monday, the highest level since mid-March. Chinese oil use is at 13 million barrels a day, just shy of the levels […]

WP_Post Object ( [ID] => 224994 [post_author] => 21 [post_date] => 2020-05-18 20:26:22 [post_date_gmt] => 2020-05-18 20:26:22 [post_content] => oil tanker loading(Bloomberg) — Oil rose to levels not seen since Covid-19 lockdowns paralyzed the world’s largest economy, lifted by signs of recovering demand and news of a viable coronavirus vaccine. Futures in New York climbed 8.1% Monday, the highest level since mid-March. Chinese oil use is at 13 million barrels a day, just shy of the levels […] [post_title] => Oil Rises to Two-Month High Amid Demand Recovery [post_excerpt] => (Bloomberg) — Oil rose to levels not seen since Covid-19 lockdowns paralyzed the world’s largest economy, lifted by signs of recovering demand and news of a viable coronavirus vaccine. Futures in New York climbed 8.1% Monday, the highest level si... [post_status] => publish [comment_status] => open [ping_status] => closed [post_password] => [post_name] => oil-rises-to-two-month-high-amid-demand-recovery [to_ping] => [pinged] => [post_modified] => 2020-05-18 20:26:22 [post_modified_gmt] => 2020-05-18 20:26:22 [post_content_filtered] => [post_parent] => 0 [guid] => https://gcaptain.com/?p=140236 [menu_order] => 0 [post_type] => news [post_mime_type] => [comment_count] => 0 [filter] => raw )