Oil Near Five-Week High as Saudi\, Russia See Demand Recovering

Oil Near Five-Week High as Saudi, Russia See Demand Recovering
A petrol droplet falls from a fuel pump at a gas station operated by MOL Hungarian Oil & Gas Plc in Prague, Czech Republic. (Photographer: Martin Divisek/Bloomberg)

Oil Near Five-Week High as Saudi, Russia See Demand Recovering

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(Bloomberg) -- Oil traded near a five-week high as investors weighed the nascent recovery of demand against concerns about a resurgence in coronavirus cases if lockdowns are relaxed too early.