Oil flips to gain as China recovery bolsters demand outlook
Brent for May settlement rose 0.6% to $83.95 a barrel.
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Brent for May settlement rose 0.6% to $83.95 a barrel.
Supply chain woes finally appear to be easing, with Bloomberg highlighting a “large number” of container ships piling up off China
THE deadly coal mine accident in northern China last week has triggered nationwide safety checks, sparking concerns that the supply of the nation’s mainstay fuel could be disrupted just as demand is recovering.
Brent for April settlement added 0.2% to $82.59 a barrel on the ICE Futures Europe exchange.
According to a new report this morning, Apple's Chinese suppliers are likely to move capacity out of the country far faster than many observers anticipate to pre-empt fallout from escalating Beijing-Washington tensions