China tightens grip on markets after selloff in currency, stocks
The yuan traded up 0.45% at 7.21 against the greenback at 2:32 p.m. local time, after tumbling 1% on Monday.
Source: moneyweb.co.za
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The yuan traded up 0.45% at 7.21 against the greenback at 2:32 p.m. local time, after tumbling 1% on Monday.
Brent for August settlement slipped 0.5% to $76.71 a barrel.
Brent for August settlement rose 0.3% to $76.09 a barrel.
Oil is stabilizing with the summer season demand indicators appearing in earnest.
China National Petroleum Corp. cut its forecast for the nation's oil demand this year.