Oil surges 4% amid better risk appetite despite weak demand outlook

Brent crude futures had gained $2.53, or 3.65 per cent, to $71.88 a barrel by 18.41 pm IST TopicsCrude Oil Price | Oil demand | oil and gas Reuters  |  London  Last Updated at July 22, 2021 00:29 IST Photo: Bloomberg Oil prices rose nearly 4 per cent on Wednesday, extending gains from the previous session as improved risk…