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.


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.

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