Oil Prices Climb as China, US Economic Data Lift Markets


Source: financialtribune.com financialtribune.com

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Oil Prices Climb as China, US Economic Data Lift Markets . . . Oil prices recovered after a 1% dip in the previous session on buoyant economic data from China and the United States, even as the surging Covid-19 pandemic in India capped prices. Brent crude futures for July were at $68.40 a barrel, up 31 cents, or 0.5%, while US West Texas Intermediate crude for June rose 29 cents, or 0.5%, to $65, Reuters reported. Both Brent and WTI are on track for a second weekly gain as easing restrictions on movement in the United States and Europe, recovering...