Oil mixed as low China economic data weighs on gains
China GDP data offset price rise earlier on Friday over US plans to end coronavirus shutdown
Singapore/Tokyo — Oil prices were mixed on Friday after the weakest Chinese economic data in decades showed the affect of the coronavirus pandemic, offsetting some earlier gains on optimism for President Donald Trump’s early plans to revive the US economy.
Brent was up by 55c, or 2%, at $28.37 a barrel by 4.06am GMT, while US crude for May delivery, which expires on April 21, was down 13c, or 0.7%, at $19.74 a barrel. The more active June contract was up $1, or 4%, at $26.53...