Oil markets rose this morning over expectations that China may loosen its credit policy as its inflation cools, which could lead to a rise in fuel demand in the world's second largest oil consumer.
US crude traded up by 64¢ to stand at $84.87 a barrel, while Brent crude rose by 63¢ to $112.
China is expected to post slower economic growth in the third quarter of this year than the previous three months, reports Reuters.
Twitter