Oil continues to rise as China increases demand
- FX Market
- 6 months ago
Oil prices continue to climb as U.S. stockpiles fell while China’s refinery increased demand.
Earlier this morning International benchmark Brent crude oil futures rose by 0.29% to $71.93 per barrel by.
Brent gained as much 0.5% to 72.08 a barrel, the highest since Nov. 8 and the highest this year.
WTI crude futures were at $64.45 per barrel, up by 0.6% from their previous settlement.
China’s refinery throughput in March rose 3.2% from a year earlier to 53.04 million tonnes, or 12.49 million barrels per day according to data released from the National Bureau of Statistics.
Source: Smart Trend Team