Oil up 1.0 percent as demand worries ease

NEWS IN ENGLISH

Prices of oil futures continued on Tuesday the upward trend from the day before, gaining more than 1 percent amid the growing optimism regarding the future demand for crude prompted by manufacturing data from both the United States and the United Kingdom.


Saudi Arabia's oil giant Saudi Aramco unveiled today that its first quarter's net income surged 30 percent compared to the same trimester the year prior.


Brent for July deliveries was up 1.04 percent, going for 68.27 dollars per barrel, while the West Texas Intermediate (WTI) for settlements in June advanced 1.02 percent to sell for 65.15 dollars per barrel at the same time.
 

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