News Snapshot:
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 the sharpest increase in sales in three months. In addition, England is set to ease more coronavirus restrictions on April 12,...
