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NewsBreak: Oil Jumps 3% on Upbeat Chinese Data

Published 09/04/2019, 10:29 AM
Updated 09/04/2019, 10:40 AM
© Reuters.

Investing.com - Oil prices spiked higher on Wednesday, boosted by positive news from China’s services sector.

• China’s services sector expanded by the fastest pace in three months in August, driven by new orders. China is the world’s second-largest oil consumer.

• West Texas Crude oil futures for December surged 3.3% to $55.72 a barrel as of 10:27 AM ET (14:27 GMT).

Brent crude futures, the benchmark for oil prices outside the U.S., rose 3.1% to $60.08 a barrel.

Latest comments

to much 4% lmao man how much can u manipulate this
does it mean that oil is going up?
There is an orchestrated effort to keep crude around the $55 level until at least WTI starts hitting the market.
Will it still go up
What happen in future?
That means I can start selling on every move-up hereafter - Thank you
Big lol, and they buying Iranian oil.
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