EnergyWatch

Strong Chinese key figures lift crude prices

China's export showed a steady rise in March in yet another boost to the country's economic recovery. Meanwhile, global demand increases in connection with the world-wide vaccine roll-out.

Photo: ANGUS MORDANT/REUTERS / X06552

Oil trades higher Tuesday morning due to strong key figures from China showing a rise in imports, while Middle East tensions are also buoying the commodity's value.

One barrel of European reference oil Brent sells Tuesday morning CET for USD 63.58 against USD 63.78 Monday afternoon. US benchmark crude West Texas Intermediate trades concurrently for USD 59.97 relative to USD 59.65. At closing Central European trading hours Monday, one barrel of WTI sold for USD 60.32.

Read the whole article

Get 14 days free access.
No credit card required.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Denmark allocates additional PtX funds

Danish parliament's IPCEI agreement doesn't touch Dutch funds previously earmarked by the government for Power-to-X, says energy minister Dan Jørgensen. On the other hand, the allocated DKK 850m will not necessarily go to the common European projects.

Further reading

Related articles

Latest News

See all jobs