Oil slips, retreats from gains notched on strong Chinese data

Capt. John

Oil prices edged lower on Monday, pulling back from early gains fostered on strong Chinese economic news and ongoing supply restraint from major oil producers. Crude benchmarks have steadily climbed throughout 2021 as major oil producers restrained supply and coronavirus vaccine distribution quickened, feeding hopes of stronger economies and fuel demand. Brent crude futures for …

The post Oil slips, retreats from gains notched on strong Chinese data first appeared on Hellenic Shipping News...

https://www.hellenicshippingnews.com/oil-slips-retreats-from-gains-notched-on-strong-chinese-data/

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