Oil posted a gain this week as expectations for growing economic activity in nations from the US to Europe fueled optimism around stronger summer demand.
In the first back-to-back weekly increase since early March, West Texas Intermediate for June delivery on Friday rose US$0.19 to settle at US$64.90 a barrel, up 2.08 percent for the week.
Brent crude for June delivery rose US$0.19 to US$68.28 a barrel, increasing 2.28 percent from a week earlier.
In the US, refineries are running at their highest rate since the COVID-19 pandemic began, as they gear up for the summer driving season.
“Traveling by air here in the
EU summit pushes social issues, but divisions linger
8th May, 2021 12:00:01
PORTO: EU leaders on Friday will try to find unity on ways to fight poverty and promote equality in Europe after the pandemic, but the 27 member states remain deeply divided.
Twenty-four of the EU’s 27 leaders will make the trip to the riverside city of Porto for a summit that will make social issues a priority. Excusing themselves because of the pandemic, German Chancellor Angela Merkel and Dutch Prime Minister Mark Rutte will attend only by videoconference, as will Malta’s premier, reports AFP.
Known as the “social summit”, the meeting will start on Friday with conferences bringing together representatives of civil society and trade unionists, with French President Emmanuel Macron expected to make an appearance.
EU sieht keine «Wunderlösung» in Patentfreigabe | Freie Presse freiepresse.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freiepresse.de Daily Mail and Mail on Sunday newspapers.
Krutika Pathi18:22, May 08 2021
Two southern states in India became the latest to declare lockdowns, as coronavirus cases surge at breakneck speed across the country and pressure mounts on Indian Prime Minister Narendra Modi s government to implement a nationwide shutdown. At over 300,000, Karnataka s capital of Bengaluru has the highest active caseload of any Indian city. But experts warn the worst is still ahead as India s third largest city buckles under oxygen shortages, overrun hospitals and crowded crematoriums.
Channi Anand/AP
With coronavirus cases surging to record levels, Indian Prime Minister Narendra Modi is facing growing pressure to impose a harsh nationwide lockdown amid a debate whether restrictions imposed by individual states are enough.
EU sieht keine „Wunderlösung in Patentfreigabe - Politik - Nachrichten mittelbayerische.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mittelbayerische.de Daily Mail and Mail on Sunday newspapers.