Brent oil climbed amid a broader market rebound after capping the longest run of declines in more than three years on economic strains from the latest Covid-19 comeback and a stronger dollar.
Futures in London rose 1% after falling for a seventh session on Friday, the worst streak since February 2018. While oil rallied Monday with equities in Asia and other commodities, the fast-spreading delta variant of the virus remains a threat to global demand as it leads to tightening restrictions on mobility, most notably in China. The dollar was steady after surging last week.
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August 23, 2021 at 05:47AM
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Oil Market News and Prices: Brent Futures in London Steady - Bloomberg
"Oil" - Google News
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