Crude oil prices started moving higher early on Friday, set to book their first weekly gain in several weeks as China reported growth in exports and imports, and ceasefire talks between Israel and Hamas broke down. China reported a 5.45% increase in crude oil imports specifically for last month, equal to a daily rate of 10.88 million barrels. This was lower than the March average, which stood at 11.55 million bpd but was still strong enough to warrant a change in sentiment among traders. One reason for that was the news that the latest round of…
