Oil prices ticked up on Tuesday after strong Chinese import data but markets broadly shrugged off Middle East tensions which have so far not disrupted oil supply.
Brent crude oil futures were up 25 cents, or 0.4%, at $63.53 a barrel by 0855 GMT while U.S. crude oil futures gained 14 cents, or 0.2%, to $59.84 a barrel. Both contracts are on course for their fifth session of sub-1% change.
China’s exports grew at a robust pace in March in yet another boost to the nation’s economic recovery as global demand picks up amid progress in worldwide COVID-19 vaccinations, while import growth surged to the highest in four years.
Echo Energy plc (LON:ECHO) is a full cycle, exploration led, oil and gas focused AIM-listed E&P with an exciting asset base in Latin America.