Oil futures gain ground, boosted by improving signs of demand.
Oil futures gained ground early Thursday, with support tied to signs of improving demand in the U.S. and improving economic data out of China.
Price actionMarket drivers Crude... Oil futures gained ground early Thursday, with support tied to signs of improving demand in the U.S. and improving economic data out of China. Price action Market drivers Crude was following through on gains seen the previous session, after upbeat readings on purchasing managers indexes for the manufacturing and services sector from China.
“There was a sense of relief for the bulls when comparing the oil headline to the API’s corresponding figure,” wrote analysts at Sevens Report Research, in a note.
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