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While raw material prices and mining stocks have rallied in anticipation of the boost to demand, fund managers are still finding value in the resources sector.
Investors and economists have been caught off guard by the pace of the country’s reopening, which has set up the resources sector for another year of bumper returns.
Oil extended gains on Tuesday as a key pipeline bringing the resource to the United States remained shut, adding to concerns about potential tight supply in the world's biggest crude consumer.
The latest oil and gas news, dedicated to all things oil and gas: people, technologies, transactions, trends, and macro-economic analysis that impact commodity prices.
Miners lifted the ASX as China’s loosening of COVID-19 restrictions fuelled hopes for a revival in iron ore demand.