Thursday, 2 December, 2021
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Oil prices climb to highest in yrs

Oil prices climb to highest in yrs

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SINGAPORE: Oil prices hit their highest in years on Monday as demand continues its recovery from the Covid-19 pandemic, boosted by more custom from power generators turning away from expensive gas and coal to fuel oil and diesel. Brent crude oil futures rose 87 cents, or 1 per cent, to US$85.73 a barrel by 0111 GMT, the highest price since October 2018, report agencies.