Oil price and shares rise as investors bet on recovery    

Oil prices rose more than $1 and stock markets extended gains, supported by optimism about the pace of the economic recovery from the pandemic. 

Oil prices rose more than $1 and stock markets extended gains, supported by optimism about the pace of the economic recovery from the pandemic. 

Brent crude rose by $1.25 to $72.84 a barrel, as new figures suggested the US labour market was charging ahead even as new Covid-19 infections surge.