Oil tops $60 as investors weigh near-term demand outlook

Oil tops $60 as investors weigh near-term demand outlook

Oil gained, topping $60 a barrel, as investors continued to assess the recovery in consumption globally. Futures in New York rose as the dollar fell, making commodities priced in the US currency more attractive. Federal Reserve Chair Jerome Powell said that the US economy was poised for stronger growth, but he cautioned that the ...