CRUDE OIL NEWS UPDATE ( www.trademaxindia.com) call@ 8218995526 , 8218997961

Oil rises to 2019 highs on strong China demand despite economic slowdown

Oil prices rose to their highest for 2019 on Monday after data showed refinery processing in China, the world’s second-largest oil consumer, climbed to a record in 2018, despite a slowing economy last year.

Prices are further being supported by supply cuts led by the Organization of the Petroleum Exporting Countries (OPEC), analysts said.

 

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