Brent oil prices Monday shot past $60 a barrel for the first time in more than a year as investors grow increasingly optimistic about demand as the global economy recovers from the coronavirus pandemic.
The commodity climbed 1.26 percent to $60.19 a barrel as asset markets rallied on the back of vaccine rollouts, slowing virus infections and hopes that Joe Biden’s huge stimulus proposal will be passed by US lawmakers.
Brent oil prices Monday shot past $60 a barrel for the first time in more than a year as investors grow increasingly optimistic about demand as the global economy recovers from the coronavirus pandemic.
The commodity climbed 1.26 percent to $60.19 a barrel as asset markets rallied on the back of vaccine rollouts, slowing virus infections and hopes that Joe Biden’s huge stimulus proposal will be passed by US lawmakers.
Brent oil prices Monday shot past $60 a barrel for the first time in more than a year as investors grow increasingly optimistic about demand as the global economy recovers from the coronavirus pandemic.
The commodity climbed 1.26 percent to $60.19 a barrel as asset markets rallied on the back of vaccine rollouts, slowing virus infections and hopes that Joe Biden’s huge stimulus proposal will be passed by US lawmakers.
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