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Oil prices up on Chinese optimism

stander
stander
in Oil, Gas and Energy News

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NEW YORK, March 7 (UPI) -- China again pushed market momentum, with weekend economic pledges spilling over to Monday and lifting crude oil prices near the $40 per barrel mark.

Chinese Premier Li Kiqiang said during the weekend a five-year economic plan envisioned an average growth rate of around 7 percent, while taking into account a need for structural reforms in a stabilizing economy.

http://www.upi.com/Business_News/Energy-Industry/2016/03/07/Oil-prices-up-on-Chinese-optimism/7561457360066/?nll=1

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