Oil gains 2% on strong U.S., China economic data


Source: sharenet.co.za sharenet.co.za

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Oil gains 2% on strong U.S., China economic data * Strong U.S., Chinese economic data supports prices * Oil slumped in previous session on rising OPEC+ supply * Rebound in Iran exports unlikely to shock markets -Goldman (Updates prices, market activity, adds commentary; changes byline, dateline, previous LONDON) By Stephanie Kelly NEW YORK, April 6 (Reuters) - Strong economic data from China and the United States helped to lift oil prices by 2% on Tuesday, recouping some of the previous session's losses. Brent gained $1.11, or 1.8%, to $63.26 a barrel by 11:53 a.m. EDT (1553 GMT). U.S. West Texas...