OIL PRICE: NEAR $35 ANEW
REUTERS - MAY 25, 2020 - Oil prices rose on Monday, erasing earlier losses, as countries around the world continued to ease lockdown measures imposed to combat the coronavirus pandemic, boosting hopes for a recovery in fuel demand.
Amid quiet trading, with financial centres Singapore, London and New York all closed for holidays, Brent was up 6 cents, or 0.2%, at $35.19 a barrel by 0636 GMT. U.S. oil had gained 27 cents, or 0.82%, at $33.52 a barrel.
Both contracts have risen for…
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