May 16, 2021 2:29 a.m.

Oil rebounded on positive Chinese economic data

International benchmarks for crude oil moved higher on Monday, 3 May 2021 following data that showed Chinese crude imports hit a record high in February and March.

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International benchmarks for crude oil moved higher on Monday, 3 May 2021 following data that showed Chinese crude imports hit a record high in February and March on the back of recovering local economy.

Brent closed at $67.29/barrel, up 4 cents, or 0.06%.

WTI closed at $64.49/barrel, up 91 cents, or 1.41%.