Chinese Demand Drives Oil Prices to Over-Month Highs

As Tuesday’s trading closed, oil prices hit a high not seen in over a month. NYMEX saw West Texas Intermediate rise 1.54% to $81.57 per barrel for August delivery. Similarly, Brent crude for the same month climbed 1.28% to $85.33 on the Intercontinental Exchange. This surge is primarily fueled by China’s economic activity and the […]