Oil prices climbed in early trade on Tuesday, adding to gains in the previous session, on expectations that fuel demand will begin to pick up as some parts of the United States (US) and nations in Europe and Asia start to ease coronavirus lockdown measures.
West Texas Intermediate (WTI) crude futures rose as much as 8.2 per cent to a three-week high of $22.06 and were up 7.6 per cent, or $1.55, at $21.94 at 0108 GMT. The US benchmark is on a five-day win streak that started on April 29.
Brent crude futures hit a high of $28.37 a barrel in early trade and were up 4.1 per cent, or $1.12 cents, at $28.32. Brent is up for a sixth straight day.
