18
Sep
Brent price jumped to $94 per barrel as the oil market rallied further on Friday amidst tight global supply concerns and a positive demand outlook from China, the world’s biggest oil importer. China’s annual CPI reading moved back into positive territory and new loans improved, traders are seemingly cautious about the outlook so are refusing to get carried away with the figures. Oil prices have also been tearing higher again in recent weeks, aided by the Saudi/Russian decision to extend output restrictions until the end of the year. Brent is now trading around $90 where it has stalled over the…