Rising Chinese energy demand boosts Brent crude as it closes in on $70
Country’s industrial output growth quickened in January-February, beating expectations
15 March 2021 - 08:49
Singapore — Oil prices rose on Monday, with Brent heading towards $70 a barrel, as data showed China’s economic recovery accelerated at the start of 2021, boosting the energy demand outlook at the world’s largest oil importer.
Brent crude futures for May gained 47c, or 0.7%, to $69.69 a barrel by 6.38am while US West Texas Intermediate crude for April was at $66.10 a barrel, up 49c, or 0.8%...
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