Strong Chinese figures push oil prices up
However, oil prices are facing pressure from the supply side, with workers returning to rigs and platforms
13 October 2020 - 11:58
London — Oil prices rebounded on Tuesday, drawing support from robust China data although concerns about waning demand elsewhere and supply resumptions in Norway, the Gulf of Mexico and Libya weighed.
Brent crude futures rose 60 US cents, or 1.4%, to $42.32 a barrel by 9.16am GMT. US West Texas Intermediate (WTI) crude futures rose 63c, or 1.6%, to $40.06 a barrel...
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