Brent at one-month high, U.S. oil tops $31 as restrictions ease
Brent at one-month high, U.S. oil tops $31 as restrictions ease
Oil prices climbed by $2 a barrel on Monday, with benchmark Brent hitting a one-month high and U.S. crude topping $30 supported by optimism about the re-opening of economies and output cuts by major producers.
Brent crude was up $1.99, or 6.1%, at $34.49 a barrel by 1041 GMT, its highest level since mid-April.
U.S. West Texas Intermediate (WTI) crude was up $2.46 or 8.4% at $31.89 per barrel, its highest since mid...