Oil crosses $35 on signs of improving demand - The Nation Nigeria

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OIL prices rose on Tuesday, supported by growing confidence that producers are following through on commitments to cut supplies and as fuel demand picks up as coronavirus lockdowns ease.

Brent crude futures rose by 0.8per cent at $35.82 per barrel. West Texas Intermediate crude futures gained 2.3per cent, to trade at $34.02.

The source said Bonga operator Royal Dutch Shell would shut the floating production storage and offloading unit for two weeks of works. Shell did not immediately comment on the closure.

 

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