Tuesday, July 16, 2013

China's implied oil demand rises near 10%, US retail sales rise less than expected: oil edges higher

Oil on the Nymex rose to US$106.32 a barrel, while Brent crude settled at US$109. Prices have slightly edged up on Monday in thin trade, reversing earlier losses, as the market digested mixed economicc and industry data from the United States and China, the world's biggest oil consumers, as per Reuters.




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