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Brent Rises Towards $108/B, As China Eyes Growth Stimulus
Published on Tuesday, 22 May 09:33 am
Brent crude rose towards $108/B on 21 May, recovering from a 2012 low, on hopes that China could take new steps to stimulate growth and lift fuel demand, though concerns about the euro zone crisis capped gains, Reuters report from Singapore. Brent crude rose for the 1st time in four sessions, adding 74 cents to $107.88/B, while US crude gained 35 cents to $91.83/B, its first rise in five sessions.
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