Oil Nears $112 On Signal Of China Growth Revival

Oil ascended towards $112 per barrel on Monday on signs economic growth in China, the world’s second-biggest oil consumer, was beginning to recover while the tension climbs in the Middle East lent further support.

As quoted in market news:

Crude oil prices are beginning the new week of trading up thanks to positive economic data from China. The geopolitical tensions in the Middle East are also playing their part.

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