Oil Prices Edge Higher on China Stimulus Hopes

Crude prices edged higher in early European trade but continued to trade in a tight range on hopes of a recovery in Chinese demand and a Bloomberg report saying that the U.S. is mulling harsher sanctions against Russia’s oil trade.

Crude prices edged higher in early European trade but continued to trade in a tight range on hopes of a recovery in Chinese demand and a Bloomberg report saying that the U.S. is mulling harsher sanctions against Russia’s oil trade.