Baghdad /NINA/- Oil prices rose today, Friday, continuing their upward trend thanks to indications of improvement in the Chinese economy and the failure to reach an agreement during the negotiations aimed at stopping the fighting in the Gaza Strip.
Brent crude futures rose 37 cents, or 0.4 %, to $84.24 per barrel, while US West Texas Intermediate crude rose 41 cents, or 0.5 %, to $79.64.
In a previous session, oil prices rose to the highest level in a week thanks to data showing an increase in crude oil imports in China in April, with investors considering the slowdown in the US labor market an indication of possible cuts in interest rates.
Chinese exports and imports returned to growth in April after contracting in the previous month, indicating improved demand./End
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Brent crude futures rose 37 cents, or 0.4 %, to $84.24 per barrel, while US West Texas Intermediate crude rose 41 cents, or 0.5 %, to $79.64.
In a previous session, oil prices rose to the highest level in a week thanks to data showing an increase in crude oil imports in China in April, with investors considering the slowdown in the US labor market an indication of possible cuts in interest rates.
Chinese exports and imports returned to growth in April after contracting in the previous month, indicating improved demand./End
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