The slow return of activity in Europe also helped support oil, but US crude inventories rose for a 15th week
London — Oil prices rose on Thursday on a surprising rise in China’s April exports, US output cuts and the slow return of some activity in Europe.
China was a bright spot in terms of oil demand last month. Imports climbed to 10.42-million barrels day in April from 9.68-million bpd in March, according to Reuters calculations based on customs data for the first four months of 2020. Saudi Arabia raised its official selling prices for June after cutting May exports to almost the lowest in a decade.
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