New York's main contract WTI for March delivery inched up to US$100.51, while Brent North Sea crude for April rose to US$109. A surge in bank lending in China has strengthened oil prices, as it indicates growth. As per AFP, loans by Chinese banks reached around 1.3 trillion yuan (US$216 bln) in January, up 246.9 bln yuan from Jan 2013, and compared to just 482.5 billion yuan in new loans in December 2013.
18-Feb-14 
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