Brent touches $40 amid optimism output cuts will be extended

Demand also likely to recover as more countries emerge from Covid-19 related lockdowns

Recovery: Brent rose to above $40 in early trade on optimism Opec+ would extend production cuts to rebalance the market — Recovery: Brent rose to above $40 in early trade on optimism Opec+ would extend production cuts to rebalance the marketPhoto: REUTERS/SCANPIX

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Published 3 June 2020, 04:21Updated 3 June 2020, 04:21