Oil gains on hopes for global economic recovery

Likely draw down in US oil inventories also provides support for prices

Positive news: expectations of a global economic recovery lifted prices in early trade on Tuesday — Positive news: expectations of a global economic recovery lifted prices in early trade on TuesdayPhoto: AFP/SCANPIX/

Reuters

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Published 9 March 2021, 06:30Updated 9 March 2021, 06:30