Oil hits multi-year highs in third weekly gain on demand recovery

Oil prices reached fresh multi-year highs on Friday, closing out a third straight week of gains on an improved outlook for worldwide demand as rising COVID-19 vaccination rates help lift pandemic curbs. Brent crude futures settled at $72.69 a barrel, rising 17 cents after reaching their highest since May 2019. For the week, Brent was … Continue reading Oil hits multi-year highs in third weekly gain on demand recovery