Oil prices have edged-up on hopes that fuel demand will pick up as some countries started easing coronavirus lockdown measures that were put in place to contain the spread of the outbreak.
WTI crude futures increased $0.49, or 2%, to $24.04 a barrel, at 08:00 MSK, while Brent crude futures were up by $0.48 to $29.94 a barrel at this time, Reuters reported.
Both Brent and WTI futures are heading towards a second week of gains after record lows last month, when U.S. oil crashed below zero on 21 April.
Brent is up by 13%, while WTI futures are about 21% higher.
Oil prices rise amid hopes for fuel demand
6225 views
