Oil prices climbed higher on Friday, extending their upward trajectory fueled by positive indicators of economic improvement in China. Also read: Gold price declines ahead of US inflation data, silver gains marginallyThe previous session also saw a lift in oil prices to a one-week high, supported by reports of increased crude oil imports in China during April. Furthermore, investors interpreted the cooling U.S. job market as a potential signal for future interest rate cuts, further buoying oil prices. What's weighing on crude oil prices? From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed - it's all here, just a click away!

Source: Mint May 14, 2024 00:38 UTC