Oil Rises on US Physical Market’s Strength, China Demand Hopes - News Summed Up

Oil Rises on US Physical Market’s Strength, China Demand Hopes


(Bloomberg) -- Oil rose as physical markets in the US strengthened and demand from China showed signs of picking up. Read More: Physical US Oil Prices Rise to Highs of Year on Refinery DemandSome positive signals on demand also are emerging. In China, a boom in travel during the Lunar New Year holidays has raised hopes of a more sustained recovery in consumption. In wider markets, a gauge of the US currency was steady, while most other commodities, including copper, were weaker. Most Read from Bloomberg Businessweek©2024 Bloomberg L.P.


Source: Libya Today February 26, 2024 18:42 UTC



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