Oil trades near $70 a barrel on improving demand outlook – Reuters
Oil prices firmed on Monday, with Brent trading near $70 a barrel, underpinned by the bright outlook for fuel demand growth in the next quarter, while investors looked ahead to the OPEC+ meeting this week to see how producers will respond.
Brent crude futures rose 98 cents, or 1.5%, to $69.70 a barrel by 1353 GMT. U.S. West Texas Intermediate crude was at $67.26 a barrel, up 94 cents, or 1.4%.
U.S. and UK markets are closed on Monday due to public holidays.
Both contracts are on track for a second…
