Higher profit from Chinese industries buoys oil price
US and China send signals of better economic conditions and global demand
27 December 2019 - 12:28
London — Oil prices rose on Friday, hitting three-month highs. Confidence in global growth has been restored by upbeat economic data from China and an indication from the US of an end to the trade war between Washington and Beijing.
Brent crude was up 29c, or 0.4%, at $68.21 a barrel at 0903 GMT. West Texas Intermediate (WTI) was up 24c, or 0.4%, at $61.92 a barrel. The volume of trade remained thin...
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