Oil gains 1% on strong U.S., China economic data The Edge Markets


Source: theedgemarkets.com theedgemarkets.com

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- A + A NEW YORK (April 7): Strong economic data from China and the United States helped lift oil prices by 1% on Tuesday, recouping some of the previous session's steep losses. Brent rose 59 cents, or 1%, to settle at $62.74 a barrel. U.S. West Texas Intermediate (WTI) crude rose 68 cents, or 1.2%, to settle at $59.33 a barrel. Prices were buoyed as data showed U.S. services activity touched a record high in March. China's service sector also gathered steam with the sharpest increase in sales in three months. England was set to ease more coronavirus restrictions...