Oil rises above USD31 as lockdown easings counter supply glut
12.05.2020
MOSCOW (MRC) -- Oil rose above USD31 a barrel on Wednesday as hopes for a recovery in demand as some countries ease coronavirus lockdowns offset a report showing a higher-than-expected rise in US inventories, reported Reuters.Brent crude has almost doubled since hitting a 21-year low reached on April 22, supported by expectations demand will recover and by a record supply cut led by the