Oil rises on China optimism, market shrugs off U.S. inventory build

Capt. John

Oil prices rose on Thursday as hopes of a robust fuel demand recovery in top oil consumer China offset losses arising from strength in the greenback and a large build in U.S. crude inventory. Brent crude futures rose 59 cents, or 0.7%, to $85.97 per barrel by 0725 GMT, while U.S. West Texas...

https://www.hellenicshippingnews.com/oil-rises-on-china-optimism-market-shrugs-off-u-s-inventory-build/

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