Crude oil posted a second weekly gain in a row, as gasoline demand has surged to post-pandemic highs.

Oil prices fell Friday but were ahead nearly 2.9% for the week. The oil rally has lifted the energy stocks, with the sector up 2.4% to lead the S&P 500 this week.

Brent futures rose four cents, or 0.1 per cent, to $85.75 a barrel, while US West Texas Intermediate (WTI) crude for August delivery remained unchanged at $81.29.

Meanwhile, precious metals prices also witnessed surge.

#crudeoil #crudeoilprices #brentcrudeoilprices #preciousmetals #goldprices #silverprices #cnbctv18 #businessnews #businessnewstoday #businessnewsinenglish #sharemarkettoday


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