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Oil rebounded as China promised to support economic growthInternational benchmarks for crude oil ended the trading session on Tuesday, 18 July 2023 with increases as the Chinese government vows to introduce more pro-growth measures to facilitate the economic recovery process. |
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International benchmarks for crude oil ended the trading session on Tuesday, 18 July 2023 with increases as the Chinese government vows to introduce more pro-growth measures to facilitate the economic recovery process. Meanwhile, easing inflation in the US also stokes expectations that the FED might halt the monetary tightening cycle sooner.
Brent gained $1.13 or 1.4% to close at $79.63/barrel.
WTI jumped $1.60 or 2.2% to settle at $75.75/barrel.
