Oil prices surge on lifted Covid restrictions

Lifting Covid-19 restrictions will likely lead to higher fuel consumption, say analysts at ANZ Bank.

Photo: Jaime Saldarriaga/Reuters/Ritzau Scanpix

by MARKETWIRE, translated by jonas sahl hollænder

Oil prices surge Monday morning CET to the highest level in years as both European reference oil Brent and US benchmark West Texas Intermediate rose by at least 3 percent last week.

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