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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.

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.

Click here to read full CNBC article.

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