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Expectations of Chinese economic growth buoy oil prices
Expectations of Chinese economic growth buoy oil prices

Expectations of Chinese economic growth buoy oil prices

Chinese news agency Xinhua reported yesterday that the country's Politburo, the ruling Communist Party's top leadership body, announced that it would be expanding stimulus measures to support economic growth by increasing internal demand.

Chinese news agency Xinhua reported yesterday that the country's Politburo, the ruling Communist Party's top leadership body, announced that it would be expanding stimulus measures to support economic growth by increasing internal demand. The news heated up investors' risk appetites. Anticipation of the Chinese economy picking up is supporting oil prices.

BRN crude oil

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