Oil climbs on switch from gas and few signs of supply crunch easing

October 08, 2021 1:34 PM

SINGAPORE (REUTERS) – Oil prices rose on Friday, tracking towards a 4.5 per cent gain for the week on signs some industries have begun switching fuel from high-priced gas to oil and on doubts the U.S. government would release oil from its strategic reserves for now.

Source : http://www.straitstimes.com/business/economy/oil-climbs-on-switch-from-gas-and-few-signs-of-supply-crunch-easing