Oil climbs on hopes for demand recovery, India's virus surge caps gains


An offshore support vessel docked at a Halliburton Co. facility in Port Fourchon, Louisiana, US, on Wednesday, April 21, 2021. Offshore rig utilisation is starting to respond to the recovery in oil prices, though day rates haven't shown much improvement, and likely won't until usage moves closer to 80-90%. - Bloomberg.

SINGAPORE, April 23 (Reuters): Oil prices climbed on Friday , buoyed by hopes demand will recover as economic growth picks up and lockdowns ease, but worries about India's surging second wave of Covid-19 cases limited gains.

Brent crude futures rose 42 cents, or 0.6%, toUS $65.82 a barrel at 0645 GMT, after rising 8 cents on Thursday.

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Oil , Pices , Good Gains , Friday , April 24 , Demand Recovery

   

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