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Oil rises over growing Chinese demand for crude
April 17, 2019
Source: Reuters

Oil rises over growing Chinese demand for crude

Oil prices scaled in the international market today on reports of rising demand from Chinese refineries while the market remains tight due to supply cut and falling crude inventories. Brent crude oil futures climbed 0.29%, to $71.93/barrel. US WTI crude futures rose 0.6% and were traded at $64.45/barrel. Data released by the National Bureau of Statistics today showed refinery throughput in China during last month soared by 3.2% to 53.04 million tonnes.

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