TOKYO/SINGAPORE: Oil prices surged again on Monday, extending multiweek gains as an energy crisis gripping major economies shows no sign of easing amid a pick up in economic activity and restrained supplies from major producers.
Coal and gas prices have also been surging as economies recover, making oil more attractive as a fuel for power generation, pushing crude markets higher. The energy crisis sweeping the world is raising the prospect of a difficult northern winter as heating demand rises.
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