Oil Prices Rise on Recovery of Chinese Stocks and Stronger Economic Data.
Pulbished on:
London, 9 July 2015(Lana) Oil prices recovered on Thursday buoyed
by strong economic projections in Japan and Germany, and resurgence
of the Chinese market that ended a market slump.
US crude futures rose 80 cents to 52.45 a barrel by 0745, but
still 8% below its level last week.
Brent rose by 70 cents to 57.75 a barrel, but also 8% below its
Friday mark.
Chinese stocks rose on Thursday, after the market authority
banned share holders in companies selling their stocks, in a major
step taken by Beijing so far, to stop a slide that negatively
impacted international markets.
=Lana=