India, April 16 -- Oil prices rose around 1 percent on Wednesday as upbeat Chinese data helped offset worries over the impact of U.S. trade tariffs on the global economy and fuel demand growth.
Benchmark Brent crude futures were up 1.1 percent at $65.36 in early European trade while WTI crude futures climbed 0.9 percent to $61.86.
Offering some support to oil prices, official data showed today that China's economy grew more than expected in the first quarter despite trade tariff disputes.
GDP grew 5.4 percent year-on-year, the National Bureau of Statistics reported. This was better than economists' forecast of 5.1 percent and was unchanged from the previous quarter.
In March, retail sales moved up 5.9 percent from the previous year whil...