News Snapshot:
Oil gains 1% on strong U.S., China economic data Apr 6, 2021 | Business By Stephanie Kelly NEW YORK (Reuters) – Strong economic data from China and the United States helped lift oil prices by more than 1% on Tuesday, recouping some of the previous session’s losses. Brent gained 83 cents, or 1.3%, to $62.98 a barrel by 1:19 p.m. EDT (1719 GMT). U.S. West Texas Intermediate (WTI) crude rose 91 cents, or 1.6%, to $59.56 a barrel. Prices were buoyed as March data showed U.S. services activity touched a record high. China’s service sector has also gathered steam with...
