Crude oil futures prices rise on China refined products demand optimism
Crude oil futures recouped morning marginal losses during midafternoon Asia trade July 19, as investors weighed talks about a recovery in China’s refined products demand against a potential restoration of Libyan oil production. The ICE September Brent futures contract rose 63 cents/b, or 0.59%, from the previous close at $106.90/b at 3:24 pm Singapore time (0734 GMT) July 19 while…