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[size=30]Oil prices continue to rise after a sharp drop in the past few days
2021-04-16
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Yes Iraq: Baghdad
Global oil prices continued to rise on Friday, and were on their way to achieving weekly gains of about 7% with improved expectations for oil demand and a strong economic recovery in China and the United States, offsetting concerns about rising cases of Covid-19.
Brent crude futures rose 30 cents, or 0.5 percent, to $ 67.24 a barrel at 0551 GMT.
West Texas Intermediate (WTI) futures rose 28 cents, or 0.4%, up at $ 63.74 a barrel, after rising 31 cents on Thursday.
China's net imports of crude oil for 2021 are expected to grow 3.4% this year compared to 2020 to about 11.2 million barrels per day, according to a unit of China National Petroleum Corporation, the major oil and gas company.
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