Oil rises above USD31 as lockdown easings counter supply glut

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

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