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Oil hits $70 as Europe, US reopen economies

London, May 18 Oil rose on Tuesday to hit $70 a barrel for the first time since March, as expectations of demand recovery following reopenings of the European and US economies offset concern over spreading coronavirus cases in Asia. The...

Tribune News Service

Updated At : 12:08 PM May 19, 2021 IST

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London, May 18

Oil rose on Tuesday to hit $70 a barrel for the first time since March, as expectations of demand recovery following reopenings of the European and US economies offset concern over spreading coronavirus cases in Asia.

The British economy reopened on Monday, and Europe is starting to reopen cities and beaches. — Reuters

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