Oil bounces back to $71 a barrel on global growth hopes        

US and European stocks touched record highs amid expectations that economic growth will remain strong

Futures rose as much as 3.6% in New York after tumbling to a three-week low earlier in the week, and Brent crude gained $1.91 (€1.62) to almost $71 a barrel. 

The price of crude oil advanced amid equity gains and investor optimism around global economic growth holding up in the wake of a virus resurgence.

Futures rose as much as 3.6% in New York after tumbling to a three-week low earlier in the week, and Brent crude gained $1.91 (€1.62) to almost $71 a barrel.