Published on Aug 9, 2012 by Euronews
http://www.euronews.com/ Brent crude oil was up for a fifth straight session on Thursday - above $112 a barrel.
The main reason - investor hopes for more stimulus measures by China to boost its slowing economy.
That would increase demand by the world's second largest oil consumer.
Other factors include a recent fall in US crude inventories, supply disruptions from a storm in the Gulf of Mexico, lower North Sea output and Middle East tensions.
...The main reason - investor hopes for more stimulus measures by China to boost its slowing economy.
That would increase demand by the world's second largest oil consumer.
Other factors include a recent fall in US crude inventories, supply disruptions from a storm in the Gulf of Mexico, lower North Sea output and Middle East tensions.
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