Oil up on strong economic data, U.S.-China tensions cap gains


Source: vestnikkavkaza.net vestnikkavkaza.net

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Oil up on strong economic data, U.S.-China tensions cap gains 26 Jul in 8:48 Reuters Oil prices rose on Friday, lifted by some supportive economic data, but tensions between the United States and China limited gains. Brent crude futures LCOc1 rose 3 cents to settle at $43.34 a barrel. U.S. West Texas Intermediate (WTI) crude CLc1 futures rose 22 cents to settle at $41.29 a barrel. For the week, Brent rose 0.5%, while U.S. crude rose 1.7%. As Reuters reports , ahead of the weekend, market participants had their eye on Tropical Storm Hanna, forecast to cross to Baffin Bay,...