Crude oil higher on China stimulus


(MENAFN- ProactiveInvestors)

Crude oil futures settled higher overnight as China's move to stimulate its economy lifted prospects for energy demand.

Prices finished off the session's best levels however as the expiration of the May contracts today fed volatility.

May crude settled up 1.2% to US$56.38 a barrel on the New York Mercantile Exchange.

 

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