- Oil prices are on a rise after China hints to ship in large volumes of US crude in next two months.
- This seems to be a fitting answer to the concerns over a slowdown in demand recovery after the coronavirus pandemic and an uptick in supplies.
- Brent crude rose 21 cents, or 0.5 per cent, to $45.01 a barrel by 0023 GMT while US West Texas Intermediate crude was up 27 cents, or 0.6 per cent, to $42.28 a barrel.
The Business Standard in a recent news report reveals how China’s plans to buy oil from...
https://mfame.guru/oil-prices-bounces-back-as-china-hints-at-buying-us-crude/