Oil prices extended gains for a second session on Wednesday after a strong jump in manufacturing in China, the world's top crude importer, boosted the outlook for global fuel demand.
Data showed China's factory activity rose for the first time in seven months in February, according to the purchasing manager's index published by Caixin/S&P Global on Wednesday.in manufacturing since 2012 occurred in February.
U.S. oil inventories rose by 6.2 million barrels in the week ended Feb. 24, according to market sources citing American Petroleum Institute figures on Tuesday.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Oil prices rise as China factory gains boost demand outlookOil prices rose for a second day on Wednesday as reports of expanding manufacturing activity in China, the world's biggest crude importer, boosted the outlook for global fuel demand.
Leer más »
Japan to relax border controls for passengers from China from WednesdayJapan will from Wednesday ease its COVID restrictions on travellers from China, dropping a requirement that everyone take a test for the virus upon arrival, its top government spokesperson said.
Leer más »
WTI bulls approach $78.00 as fears of higher Oil supplies jostle with China recovery hopesWTI bulls approach $78.00 as fears of higher Oil supplies jostle with China recovery hopes – by anilpanchal7 Oil WTI OPEC RussianFederation China
Leer más »
Oil steadies on China growth hopesOil prices were steady in Asian trade on Tuesday, supported by hopes a solid economic rebound in China will drive up fuel demand, offsetting worries about further U.S. interest rate hikes potentially hurting demand in the world's biggest economy.
Leer más »
Oil firms on China growth hopesOil prices rose in Asian trade on Tuesday, supported by hopes a solid economic rebound in China will drive up fuel demand, offsetting worries about further U.S. interest rate hikes dragging on consumption in the world's biggest economy.
Leer más »
China responds to 'politicized' Wuhan lab leak theoryChina's Foreign Ministry said the theory was an attempt to smear China.
Leer más »