Oil Rises To Seven-Week High On Strong Remand Recovery ...Middle East

Oil prices rose to the highest level in seven weeks early on Tuesday, as the market continues to believe that the economic and oil demand rebound in the United States and Europe will outweigh the still tragic COVID numbers in India and Brazil. As of 8:51 a.m. EDT on Tuesday, the U.S. benchmark WTI Crude was back above $65 per barrel, having touched the highest level since March earlier in the day. WTI Crude prices were up 1.29 percent at $65.27, while the international benchmark Brent Crude was up 1.32 percent on the day at $68.40. The oil complex…

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