Oil hits $70, two-month high, as Europe, U.S. reopen economies

Brent crude was up 55 cents, or 0.8 per cent, at $70.01 by 0907 GMT, trading above $70 for the first time since March 15. U.S. West Texas Intermediate (WTI) crude was up 37 cents, or 0.6 per cent, at $66.64

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