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International Business Times
International Business Times
Business

Chinese Refiners Reportedly Banned Fuel Exports In October. Oil Prices Are Rising Again.

Oil Marco Rubio United States Axios
Oil prices are climbing on Thursday over reports that Chinese refiners banned fuel exports in October. (Credit: AFP via Getty Images)

Oil prices are climbing on Thursday over reports that Chinese refiners banned fuel exports in October.

Brent crude, the international benchmark, reversed losses and gained 2.20% at 8:56 a.m. ET, climbing above $100 a barrel again. West Texas Intermediate, the U.S. benchmark, climbed 1.21% and stood at $91.52 at the same time.

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