Oil Recovers on Upbeat Chinese Manufacturing Data Singapore, 3 Mar (ONA) — Oil prices rose 1 percent today as
upbeat manufacturing data from China led to renewed optimism for fuel
demand, although uncertainty about global economic growth from
potential US tariffs loomed.
Brent crude climbed 76 cents, or 1 percent, to $73.57 a barrel while
US West Texas Intermediate crude was at $70.51 a barrel, up 75 cents,
or 1.1 percent.
Last month (February 2025), Brent and WTI posted their first monthly decline in
three months as the threat of tariffs from the US and its trade
partners shook investors’ confidence in global economic growth this
year (2025) and reduced their appetite for riskier assets.— Ends/Khalid
