China's imports up 1%, defying expectations of decline

Oil prices extended gains for a third session on Monday, amid concerns over potential supply disruptions stemming from new US sanctions on Russia's oil sector. Brent crude futures climbed 1.8%, to above $81 a barrel,, its highest in four months, Meanwhile US West Texas Intermediate rose 2% 78-dollars. That's as wider US sanctions are expected to affect Russian crude exports to top buyers China and India. On Friday, the US imposed some of the harshest sanctions yet against Russia's oil industry, targeting two large exporters, over 180 vessels, and more than 150 tankers.
The new sanctions could push China and India, the world's top and third largest oil importers respectively, to source more crude from the Middle East, Africa and the Americas.

Видео China's imports up 1%, defying expectations of decline канала Money Talks