Oil futures ticked up as optimism over easing travel restrictions and the global economic recovery offset falling demand in India, the world’s third-biggest importer. Brent crude reversed losses in Asian trading and rose 0.2 per cent to around US$66.90 a barrel. A European Union plan to ease restrictions for vaccinated travelers over the Summer holiday season boosted sentiment. Oil has rallied 30 per cent in 2021 as the rollout of COVID-19 vaccines allows some major economies to reopen. That’s enabled the Organization of Petroleum Exporting Countries and its allies to start easing the supply curbs they imposed last ... (full story)