Brent crude heads toward $70 as China energy demand outlook brightens

By Florence Tan SINGAPORE (Reuters) - Oil prices rose on Monday, with Brent heading toward $70 a barrel, as data showed China's economic recovery accelerated at the start of 2021, boosting the energy demand outlook at the world's largest oil importer. Brent crude futures for May gained 47 cents, or 0.7%, to $69.69 a barrel by 0438 GMT while U.

S. West Texas Intermediate crude for April was at $66.10 a barrel, up 49 cents, or 0.8%. China's industrial output growth quickened in January-February, beating expectations,.....

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