Economy

Oil climbs to four-week high on strong China data, demand revival



Oil prices extended gains on Friday and were on course for a weekly gain of about 7% with an improved oil demand outlook and strong economic recoveries in China and the United States offsetting concerns about spikes in COVID-19 infections.

 

Brent crude futures rose 30 cents, or 0.5%, to $67.24 a barrel at 0551 GMT, following a 36 cent rise on Thursday.

 

U.S. West Texas Intermediate (WTI) crude futures were 28 cents, or 0.4%, higher to $63.74 a barrel, after climbing 31 cents on Thursday.

 

China's 2021 net crude oil imports are forecast to grow 3.4% this year versus 2020 to about 11.2 million barrels per day, a unit of top oil and gas group China National Petroleum Company said.

 

China reported a reco...
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Kurdish woman stabbed to death by her husband in France


A 36-year-old woman in France was stabbed to death and the country's police arrested her husband on charges of murder.

 

"On the morning of 31-3-2021, a man was arrested on cha...


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UNICEF calls on world governments to bring students back to schools


The United Nations International Children's Emergency Fund (UNICEF) launched a campaign to bring students back to school, warning that education suffers from a global crisis due to the covid pandem...


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