Mumbai, April 15 -- WTI crude oil saw a temporary relief but stays close to a near 4-year low on Tuesday morning in Asia after data showed a sharp rebound in China's crude imports in March, but gains were limited by concerns that the trade war could weaken global economic growth and dent fuel demand. Data from the Chinese General Administration of Customs showed Chinese crude oil imports hit 12 million barrels per day (bpd) in March, the highest volume since August 2023. China imported a total of 51.41 million metric tons of crude oil in March. Currently, the counter is quoting at $61.59 per barrel. Meanwhile, the US energy firms have cut oil rigs by the most in a week since June 2023, lowering the total oil and natural gas rig count for a ...
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