Brent steadies above $ 69
Oil was holding above $ 69 a barrel in London after a collection of financial information from China added to indicators of a resumption of the coronavirus pandemic.
Brent futures rose 0.4% after rising 1.2% earlier. China’s figures for the primary two months of the yr confirmed a surge in industrial manufacturing, underscoring the energy of its V-shaped rebound and elevating expectations of elevated vitality demand. Citigroup Inc. has raised its Brent steerage for the total yr.