HONG KONG (AFP): Oil prices extended their rally Wednesday (June 2) on growing expectations for demand as the global economy recovers, though equity investors trod a more cautious line as inflation fears continue to cast a shadow over trading floors.
While some countries are struggling in their battle with the coronavirus, the general mood among dealers is upbeat that the global economy is rebounding sufficiently strongly as vaccines are rolled out and parts of the planet slowly return to a semblance of normality.
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