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Reuters reported that Brent crude surged above $124 a barrel after reports showed China’s positive economic data.
Reuters reported that Brent crude surged above $124 a barrel after reports showed China’s positive economic data.
As quoted in the market news:
In London, ICE Brent crude for April delivery was up $1.51 at $124.17 a barrel by 11:55 a.m. EST (1655 GMT) off the session high $124.65. Front-month Brent crude hit an intraday high of $125.55 on Friday, the highest since May 2.
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