Oil rises 1 percent on tightening crude supply, upbeat economic data

April 12, 2019 admin Business News Comments Off on Oil rises 1 percent on tightening crude supply, upbeat economic data

Oil prices rose 1 percent on Friday as involuntary supply cuts from Venezuela and Iran plus conflict in Libya supported perceptions of a tightening crude market, while upbeat Chinese economic data eased concerns about waning crude demand.

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Source:: Reuters – Business News