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4/29, 12:30 PM (Source: TeleTrader)
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Oil builds on yesterday's gains amid demand hopes

The price of crude extended on Thursday the gains recorded in the previous session, rising more than 1% as the investors remained hopeful regarding the demand for crude outlook.

Earlier today, a French oil company, Total SE, posted better-than-expected quarterly results propelled by the recovery in oil prices.

Brent for June delivery advanced by 1.49% to $68.27 per barrel at 6:17 am ET. A minute later, West Texas Intermediate for June gained 1.46% to go for $64.79 per barrel.

Breaking the News / BU