Oil prices rose for a second day on Wednesday as reports of expanding manufacturing activity in China, the world’s biggest crude importer, boosted the outlook for global fuel demand.
Brent crude oil for May was up 24 cents, 0.3 per cent, to 83.69 a barrel at 0214 GMT. The April contract expired on Tuesday up $1.44, or 1.8 per cent, at $83.89.
US West Texas Intermediate (WTI) crude for April rose 31 cents, or 0.3 per cent, to $77.36 a barrel after gaining 1.8 per cent in the previous session.
Oil prices continue to be supported by expectations for a strong rebound in demand in China, the world’s second-largest crude consumer.
