By Adedapo Adesanya Oil prices edged higher Thursday spurred by data from China and the US signalling demand in the world’s two biggest crude-consuming nations could climb. Brent futures rose by 30 cents or 0.4 per cent to settle at $83.88 a barrel, and the US West Texas Intermediate (WTI) crude appreciated by 27 cents or 0.3 per cent to close at $79.26 per barrel. Crude oil imports jumped over the previous year in April and exports and imports returned to growth last month, indicating an increase in demand at home and overseas as the world’s largest oil importer moves to shore
Positive US, China Demand Data Buoy Oil Prices
