Wednesday, April 9, 2025
Oil up 2% on brighter demand outlook and Mexican outage- oil and gas 360

Oil up 2% on brighter demand outlook and Mexican outage

Reuters LONDON – Oil prices rose on Tuesday, extending sharp gains on a bullish demand outlook as U.S. regulators issued their first full approval for a COVID-19 vaccine and Mexico suffered a large production outage. Brent crude oil futures were up $1.50, or 2.2%, at $70.25 a barrel by 13442 GMT while U.S. West Texas Intermediate (WTI) gained $1.34, or