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Oil continues to rise as China increases demand

  • Regular
  • FX Market
  • 6 months ago
  • 97

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