Oil up on fuel demand recovery hopes

"The market shrugged off last week's inventory build, instead comforted by the continued improvement in gasoline demand," write ANZ analysts on US stockpiles.

BY RITZAU FINANS

Crude prices surge Friday morning on hopes that fuel demand will recover in the US and EU following improved economic growth and loosened virus restrictions. India's second wave of Covid-19 does dampen the increase, however.

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