Oil climbs on hopes for demand recovery, India's virus surge caps gains | Reuters
Oil prices climbed on Friday, buoyed by hopes demand will recover as economic growth picks up and lockdowns ease, but worries about India's surging second wave of COVID-19 cases limited gains.
Brent crude futures rose 42 cents, or 0.6%, to $65.82 a barrel at 0645 GMT, after rising 8 cents on Thursday.
U.S. West Texas Intermediate (WTI) crude futures jumped 51 cents, or 0.8%, to $61.94 a barrel, also after an 8 cent rise on Thursday.
"Oil prices rebounded for a second day as a lower-than-expected U.S. jobless claims data buoyed the energy demand outlook in North America," said Margaret Yang, a strategist at Singapore-based DailyFX.
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