Oil prices advance as China aligns higher U.S. crude imports – Reuters

Oil prices advance as China aligns higher U.S. crude imports – Reuters

SINGAPORE (Reuters) – Oil prices rose on Monday as China’s plans to ship large volumes of U.S. crude in August and September overtook concerns over slowing recovery in demand after the pandemic of coronavirus and a surge in supplies.

FILE PHOTO: The sun is seen behind a crude oil pump jack in the Permian Basin in Loving County, Texas, U.S. November 22, 2019. Photo taken November 22, 2019.…

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