LONDON—Oil prices rose on May 8 and were on course for a second consecutive week of gains as more countries moved ahead with plans to relax economic and social lockdowns put in place to halt the CCP virus pandemic and as more output was shut in.
Brent crude was up by 52 cents, or 1.8 percent, at $29.98 a barrel by 0920 GMT, having fallen nearly 1 percent on Thursday.
