(Undated) — Oil prices are stable, thanks to strong demand by China that’s pushing back against a strengthening dollar. U.S. West Texas Intermediate crude futures are pretty much unchanged at 56-70 a barrel. International benchmark Brent crude futures are up seven cents a barrel, to 62-27. Traders say the dollar, which has gained almost one-percent against other currencies this month, has been weighing down oil prices. China’s demand and near-record imports are keeping prices up.
Oil Prices Stable As China Demand Counters Rising Dollar
December 8, 2017 by Leave a Comment