Oil prices edge up on US and China refinery throughput
US crude stocks rise as Opec+ agree to extend supply cuts to March 2020
18 October 2019 - 12:36
London — Oil prices rose slightly on Friday as concern over an economic slowdown in China, the world’s biggest oil consumer, was countered by bullish signals from both the Chinese and US refining sectors.
Erasing earlier losses, global benchmark Brent crude oil futures rose 10c to $60.01 a barrel by 9.27am GMT. US West Texas Intermediate (WTI) crude futures edged up by 26c to $54.19. Both contracts were on track for weekly declines of less than 1%...
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