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Tishwash: The rise in oil and Brent crude prices is approaching the $ 64 threshold

Oil prices recorded, on Tuesday, a noticeable increase, after data from China showed the growth of imports of the second largest consumer of oil in the world.

Brent crude futures rose 22 cents, or 0.35 percent, to $ 63.52 a barrel.
US crude oil futures rose 23 cents, or 0.39 percent, to $ 59.93 a barrel.

China’s exports grew at a strong pace last March in another boost to the country’s economic recovery as global demand rebounded amid advances in COVID-19 vaccines worldwide, while import growth jumped to the highest level in four years.

Crude oil imports to China also jumped 21% in March from a low base of comparison a year ago as refineries ramped up operations amid strong demand for fuel as the COVID-19 pandemic subsides.

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