Thursday, May 29, 2025
Oil rises as positive Chinese signals counter recession fears- oil and gas 360

Oil rises as positive Chinese signals counter recession fears

BOE Report LONDON – Oil prices edged up on Monday in choppy trading as China’s continuation of loose monetary policy was partly offset by fears that high inflation and energy costs could drag the global economy into recession.   Brent crude futures rose 53 cents, or 0.6%, to $92.16 a barrel by 1245 GMT, recovering from a 6.4% fall last