Oil Gains on Strong Demand Rebound Sentiment, OPEC Initiatives by Ship & Bunker News Team Tuesday April 27, 2021 Although India's troublesome Covid rates - which have caused crude traders to fret about global demand impact for the past few sessions - remain unchanged, sentiment on Tuesday swerved back to optimism for a robust demand recovery later this year, and as a result oil climbed by the most in nearly two weeks. After sources such as Russia, and the Organization of the Petroleum Exporting Countries (OPEC) on Tuesday expressed confidence in an economic recovery from government-mandated Covid lockdowns, gains in West Texas Intermediate outpaced those of its global counterpart, Brent.