Posted by on April 17, 2019 3:36 am
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Categories: µ Newsjones

Rolling coverage of the latest economic and financial news, including surprisingly strong growth figures from China

China’s growth report has helped to push the oil price up to a new high for the year.

Brent crude has hit $72 per barrel for the first time since last November, on expectation of higher demand from Chinese factories.

Brent oil reaches the highest level of 2019 (> USD 72/bbl) after US inventories seems to have dropped unexpectedly. This comes on top of the already positive sentiment based on US/China trade deal hopes and OPEC+ supply cuts.
WTI struggles to move higher…#OOTT #oil #energy

This chart, from Durk Veenstra of RTL news, shows how Chinese industrial output has surged since Beijing ramped up its stimulus measures.

Over stimulatie gesproken. Iets komt omhoog in

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