Oil edges higher as China increases US crude imports
Oil firms book tankers to transport at least 20-million barrels of US crude for August and September
17 August 2020 - 07:26
Singapore — Oil prices rose on Monday as China’s plans to ship in large volumes of US crude in August and September outweighed concerns over a slowdown in demand recovery after the coronavirus pandemic and an uptick in supplies.
Brent crude added 30c, or 0.7%, to $45.10 a barrel by 6.10am, while US West Texas Intermediate crude was up 34c, or 0.8%, to $42.35 a barrel...
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