The Traderszone Network

Published in TZ Latest News 14 October, 2017 by The TZ Newswire Staff

Oil Prices Jump On China Demand, Middle East Tensions (USO)

From Tom Kool: Oil prices rose on Friday on bullish data from China showing an uptick in oil imports by 1 million barrels per day in September, from a month earlier.

On top of that, anxiety over President Trump’s decision to decertify the Iran nuclear deal, plus simmering tension in Iraq likely added a bit of upward pressure on crude prices. WTI and Brent gained more than 2 percent in early trading on Friday.

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