WTI jumps 1% following China's industrial production report

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Source: WBPonline
© Scanpix\Reuters
WTI futures gained 1% as China posted its industrial production report which overshot estimates, increasing expectations for higher demand for the oil. WTI futures rallied 1.07% to $104.51 per barrel, with the European benchmark Brent declining 0.68% to $107.41 per barrel. Chinese industrial output climbed 9.7% in July, beating analysts expectations of a 8.9% rise.
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