Oil
Brent oil prices are trading almost flat during early European trading, after gaining more 2.5% during the previous session. The gains came after the release of data on China’s oil demand, which surprised to the upside by showing a recovery to last February’s levels. At the same time, expectations regarding the end of the Fed’s monetary policy tightening cycle continue to gain traction amongst investors, supporting a scenario of increasing demand for oil in the United States.
