Oil Prices Set For A Weekly Gain As Chinese Demand Rebounds ...Middle East

OILPRICE - Economy
Oil Prices Set For A Weekly Gain As Chinese Demand Rebounds
source : OILPRICE ( Middle East ) () 50
Crude oil prices could this week reverse a streak of weekly losses, buoyed by expectations of a demand rebound in China. Although trade began today with a loss for both WTI and Brent, oil prices are set to end the week higher after Chinese statistical authorities reported that manufacturing activity had grown at the fastest pace in more than 10 years in February. On the bearish side sits a ten-week streak of crude oil inventory additions in the United States that have pushed the total from below the five-year average to some 9% above it, easing…

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