MARKETS

China to surpass US

OIL bulls have reason for optimism despite crude oil falling for the fourth straight session after the US Energy Information Agency reported a surprise rise in inventories, with China set to surpass the US as lead oil consumer by 2030.

China to surpass US

A rise in refining runs and a drawdown in distillates helped prices bounce off session lows, with West Texas Intermediate settling down 0.7% at a two-week low of $55.33/bbl, while Brent finished -0.6%...

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