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NEW YORK (Reuters) -Oil prices rose nearly 2% on Tuesday after more U.S. states eased lockdowns and the European Union sought to attract travellers, though soaring COVID-19 cases in India capped gains.
FILE PHOTO: A gas pump is seen hanging from the ceiling at a petrol station in Seoul June 27, 2011. REUTERS/Jo Yong-Hak/File Photo
Futures strengthened in post-settlement trade after American Petroleum Institute estimates of U.S. crude inventories fell more than expected, according to traders.
Brent crude futures settled at $68.88 a barrel, up$1.32, or 1.95 percent. The global benchmark continued to rise after the API data was issued, and was trading $1.80 at $69.36 a barrel by 4:40 p.m. ET. (2040 GMT)
Cosmetics brand LAST to launch in June 2021 Paris, 4 May 2021: Global Bioenergies today announces the upcoming launch of its "LAST" longwear cosmetics brand in June 2021. 18 products will comprise
ANKARA. KAZINFORM The tally of coronavirus cases across the world passed a new milestone on Friday as it topped 150 million, according to the US-based Johns Hopkins University.
(Updates prices)
HANOI, May 4 (Reuters) - London aluminium prices rose on Tuesday over concerns that a commitment to reduce pollution by top producer China could limit the energy-intensive metal’s supply.
Three-month copper on the London Metal Exchange rose 1.5% to $2,433.50 a tonne by 0647 GMT, copper advanced 0.8% to $9,900 a tonne, zinc was up 0.5% at $2,941 a tonne, while nickel increased 0.7% to $17,795 a tonne.
“We expect aluminium to remain supported in the short term amid concerns climate change policies in China will curb output,” said ANZ analysts in a note.
“Coal-fired power is used by more than 80% of China’s aluminium smelters. Pollution-reduction policies are likely to push many of them to hook up to the grid, thereby increasing their costs,” they added.