Oil Price Rises To $40 Per Barrel Amid Hopes For Recovery
LAGOS JUNE 4TH (NEWSRANGERS)-Oil rose on Wednesday, with Brent at $40 for the first time since March, as optimism mounted that major producers will extend production cuts and recovery from the coronavirus pandemic will spur fuel demand. Brent crude futures for August rose 43 cents, or 1.1 per cent, at $40 a barrel, by 0252…