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Oil prices reached multi-year highs on Monday before steadying, as tight global supply and strengthening fuel demand in the United States and beyond supported prices. ...
Oil prices extended pre-weekend gains on Monday to hit multi-year highs, lifted by tight global supply and strengthening fuel demand in the United States and beyond as economies recover from pandemic-induced slumps. Brent crude futures rose by 81 cents, or 1%, to $86.34 a barrel, following on from last Friday’s 1.1% gain. Earlier on Monday ...