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home / news releases / OLEM - Weekly Energy Recap: China Highlights Demand Strength

OLEM - Weekly Energy Recap: China Highlights Demand Strength

Barclays Bank PLC ZC SP ETN REDEEM 18/04/2041 USD 50 - 06740P221

Oil has been under pressure from concerns over global economic growth amid ongoing US-China trade tensions. (Reuters)

Upcoming September crude oil trading was completed without a single unsold Gulf crude cargo.

An eventful week ended with downward momentum for oil prices. Brent crude fell to $61.89 and WTI dropped to $55.66 per barrel.

Oil has been under pressure from concerns over global economic growth amid ongoing US-China trade tensions.

However, crude remains healthy, reflected by growing demand from refineries in Asia, where new refining capacity is coming online.

Exports from the Arabian Gulf to Asian

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Stock Information
Company Name: Barclays Bank PLC ZC SP ETN REDEEM 18/04/2041 USD 50 - 06740P221
Stock Symbol: OLEM
Market: NYSE
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